Comcast Wave Analysis – 16 October, 2019

• Comcast rising inside shot-term impulse wave 3
• Likely to rise to 47.00

Comcast continues to rise inside the shot-term impulse wave 3 which started earlier from the support level 43.45, intersecting with the support trendline from December.

The active impulse wave 3 belongs to the intermediate impulse wave (3) from the start of May.

Comcast is expected to rise further and retest the next resistance level 47.00 (which reversed eerier wave s 1 and (b) in September).