[25] CMCSA, CRWD, PLTR
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Seventh of the week! Let’s review a few more names:
Comcast Corporation (NASDAQ: CMCSA)
CMCSA rejected off the 1.618 Fib extension at 44.95 and has been finding support at the 2014 prior ATH at 27.78 for the past few years.
CMCSA is currently consolidating in a falling wedge pattern back into long-term trend support. It broke out of the short-term brown resistance trendline recently and is trying to revert back to the wedge resistance.
Given the rejection at the 31.96 yearly level, CMCSA could range back into the 30 yearly zone, and as far back as trend support.
Otherwise, if CMCSA breaks above 31.96, it can push into the 34.34-34.63 half-yearly imbalance next.
A breakout above wedge resistance can see a sustained push into the 40.95 half-yearly resistance and eventually the 44.95 Fib level, while a breakdown can see a retest of the 22-23 quarterly imbalance.
CrowdStrike Holdings, Inc. (NASDAQ: CRWD)
CRWD rejected off the 543.53 Fib level before filling the half-yearly imbalance sitting at 398-403. It also broke down from its secondary blue support trendline, although the longer-term dark green support trendline has yet to be retested.
If CRWD breaks below the 398-403 half-yearly imbalance, it could see downside continuation into the 348.12 Fib level next, and as far as the long-term support trendline for the time being.
Otherwise, if CRWD holds this 398-403 zone, it could retest the short-term red resistance trendline, with a breakout likely preceding a retest of the blue support trendline and/or the 458-475 monthly resistance from below.
Palantir Technologies Inc. (NASDAQ: PLTR)
PLTR rejected off the channel resistance and 1.618 Fib extension at 198.42 before pulling back near its Feb'25 ATH of 125.41.
It also broke down from its secondary pink ascending channel. With monthly, weekly and daily bearish stochastic crossovers having formed over the past few months, PLTR could see a larger reversion back into the long-term channel support if 125.41 is lost. Keep an eye on the Fib levels indicated on the chart in the event of any downside.
That being said, there's a confluence of support in this area, namely the aforementioned prior ATH, 125-129 quarterly imbalance, and the monthly imbalance from 118.78-118.93. A bullish divergence is also trying to form on the daily chart. If PLTR reclaims the pink channel, it could come back into the 2 resistance trendlines above (red and brown), with an unfilled weekly imbalance at 187-189 serving as a strong resistance.
@TigerWire @TigerStars @TigerEvents @CaptainTiger @MillionaireTiger
$Comcast(CMCSA)$ $Palantir Technologies Inc.(PLTR)$ $CrowdStrike Holdings, Inc.(CRWD)$ $Apple(AAPL)$ $Microsoft(MSFT)$
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