Technical analysis
Comcast Wave Analysis 29 April, 2021
April 29, 2021 @ 18:10 +03:00
• Comcast broke resistance level 55.35
• Likely to rise to resistance levels 56.7 and 58.50
Comcast recently broke the resistance level 55.35 (top of the previous impulse wave 1), intersecting with the 50% Fibonacci correction of the downward wave (2) from last month.
The breakout of the resistance level 55.35 should accelerate the active minor impulse wave 3 – which belongs to wave (3) from the start of April.
Given the strong daily uptrend – Comcast is likely to rise further toward the next resistance levels 56.7 and 58.50 (top of wave (1)).
![](https://www.promonetary.com/wp-content/uploads/2021/04/cmcsa2-primary-analysis-apr-29-1733-pm-1-day.png)