Technical analysis

Comcast Wave Analysis – 26 May, 2021

• Comcast rising inside impulse wave 3

• Likely to rise to resistance level 58.50

Comcast continues to rise sharply in the minor impulse wave 3 – which started earlier from the pivotal support level 53.75 (which has been reversing the price from April).

The active impulse wave 3 belongs to the higher level intermediate impulse wave (3) from the start of last month.

Given the predominant uptrend that can be seen on the daily charts – Comcast can then be expected to rise further toward the next resistance level 58.50 (former multi-month high from March).

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