Market Snapshots

Comcast Wave Analysis 21 September, 2020

Comcast Wave Analysis 21 September, 2020

• Comcast falling inside impulse wave (3)

• Likely to reach 43.00

Comcast continues to fall inside the sharp impulse wave (3) , which started earlier from the resistance zone set between the multi-month resistance level 47.40 (January high) and resistance trendline of the daily up channel from June.

The downward reversal from this resistance zone created the beautiful daily reversal pattern Shooting Star Doji.

Comcast is expected to fall further toward the next support level 43.00 (low of the previous short-term correction (iv) from the start of September).

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