Comcast tries to vent off oversold saturation - Analysis - 28-09-2021

Comcast's stock rose 0.09% in the last session while recouping some recent losses, as the stock tries to vent off oversold saturation in the RSI, settling thereafter at 56.29, amid the dominance of the downward correctional short-term wave, coupled with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the support of 55.30, provided the resistance of 58.55 holds on.

Expected trend for today: Bearish