Comcast declines within a descending correctional price channel - Analysis - 29-11-2021

Comcast's stock declined 1.5% in the last session while trading within a descending correctional price channel that guided recent short-term trading, with negative pressure from the 50-day SMA, settling thereafter at 51.10.

Therefore we expect more losses for the stock, targeting the support of 45.40, provided it settles below the resistance of 52.28.

Expected trend for today: Bearish