Comcast Corp had been on our watch list for some time waiting for the right timing to get positioned.
The weekly chart was forming a tight breakout pattern but we wanted a tighter set up for a higher reward to risk on the trade.
Eventually on the 18th July the daily chart gave us the ideal opportunity to get positioned. Price had broken out and was poised to start the move higher.
We held the position open for 10 days and closed out after price advanced higher after good earnings booking a clean +350% return on the trade.