Comcast skids - Analysis - 19-01-2022

Comcast's stock tumbled 2.9% in the last session amid the dominance of the downward correctional short-term trend, with negative signals from the RSI, settling at 50.18, while trading again below the 50-day SMA, exposing the stock to more negative pressures. 

Therefore we expect more losses for the stock, targeting the first support at 48.25, provided the resistance of 52.25 holds on.

Expected trend for today: Bearish