Comcast dominated by descending correctional wave - Analysis - 20-01-2021

Comcast's stock rose 0.32% in the last session while recouping some recent losses, while venting off oversold saturation from the RSI, amid the dominance of the downward correctional short-term wave, coupled with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the pivotal support of 46.60. 

Expected trend for today: Bearish