Comcast rises within descending price channel - Analysis - 22-12-2021

Comcast's stock rose 0.95% in the last session, settling at 48.86, while trading within a descending price channel that guided recent short-term trading, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels. 

Therefore we expect the stock to return lower, targeting the support of 44.75, provided the pivotal support of 48.25 was breached. 

Expected trend for today: Bearish