These 2 Content-Based Stocks Can Pop

Here are content-based stocks that are looking solid on the charts as of September 23, 2020. If they cross the suggested trigger, they can head much higher in the near- to medium-term. Please study their fundamentals before entering and know that I am a stock-picker and trading strategy consultant based in India, and have no interest in these stocks.

General note: All images from TradingView.com

1. COMCAST (CMCSA
Price: $46.19
Buy Trigger: $46.75; Target 1: $47.55; Target 2: $50+

(Click on image to enlarge)

The stock seems all set to pierce its resistance of $46.75 on its way up, which is the basis for the trigger. If it does, it is likely to test its old high of $47.75 clocked in January 2020. If it manages to successfully cross this old high, it can head into new territory in which the old resistance levels will become supports. RSI on Month charts has crossed 60 and it is about to cross the same level on Day charts. Looks solidly bullish if it crosses $46.75.

Yesterday, Trian Fund Management, an activist investor with a solid track record of stock picking, purchased a 0.4% stake in the company after finding it undervalued.

2. LIMELIGHT  NETWORKS (LLNW
Price: $6.35
Buy Trigger: $6.55; Target 1: $7.50; Target 2: $8.50+

(Click on image to enlarge)

Like Comcast, LLNW's charts are looking very solid. If the stock crosses its resistance of $6.55, and sticks around for at least 15 minutes at this high, it can pop to $7.50. If this resistance of $7.50 is crossed as well, it is likely to test new, uncharted waters. RSI on Month charts has crossed 60, an extremely bullish signal. Day RSI too is looking strong as well and will pick up strength when the stock crosses above $6.72. 

Yesterday, SimulTV hired LLNW's Edge Compute services to deliver its content on more than 130 live, online channels. 

Do track these stocks and if they work out, consider hiring my company to develop chart-based trading strategies. 

Disclosure: I have no position in the stocks discussed, and neither do ...

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