Comcast gives in to negative pressure - Analysis - 09-12-2021

Economies.com
2021-12-09 12:10PM UTC

Comcast's stock tumbled 1.29% in the last session, settling at 48.94, after touching the resistance of the 50-day SMA, while the RSI reached overbought levels, as it also tested the ceiling of that descending correctional price channel that guided recent trading, exposing the stock to doubled pressure. 

 

Therefore we expect more losses for the stock, targeting the pivotal support of 48.24. 

 

Expected trend for today: Bearish

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