Comcast rises alongside downward correctional trend line - Analysis - 20-10-2021

Economies.com
2021-10-20 10:33AM UTC

Comcast's stock rose 1.92% in the last session, settling at 54.24, amid positive signals from the RSI, while trading alongside the downward correctional short-term trend line, with negative pressure from the 50-day SMA, amid attempts to recoup some past losses.

 

Therefore we expect the stock to return lower, targeting the pivotal support of 52.40 anew, provided the resistance of 55.30 holds on.

 

Expected trend for today: Bearish

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