EOY Review $CMCSA inside year, momo hammer quarter

Dec 30, 2023

CMCSA

that momo hammer on the quarter looks promising, but these type of candles can easily reverse

and when it does, it typically drops back quickly

the inside year tells me to wait for further clues first before taking trades

hence, no long or short (bias) for me on this one yet

obviously, when that hammer high on the quarter gets taken out and price continues to move up, the overall picture improves, with the '23 and '22 highs as important pivots