Comcast exposed to free fall - Analysis - 11-10-2021

Comcast's stock tumbled 4.70% in the last session amid the dominance of the downward short-term correctional wave, while hurt by piercing the main upward trend line recently, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels. 

Therefore we expect more losses for the stock, targeting the first support at 52.40, provided the support of 55.00 was breached. 

Expected trend for today: Bearish