Comcast exposed to negative pressure - Analysis - 06-01-2021

Comcast's stock inched up 0.06% in the last session after touching the resistance of the 50-day SMA, while also testing the downward short-term trend line, settling at 50.22, amid negative signals from the RSI after reaching overbought levels.

Therefore we expect more losses for the stock, targeting the first support at 48.25, provided the resistance of 52.30 holds on.

Expected trend for today: Bearish