Technical analysis

Comcast Wave Analysis 29 April, 2021

• 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)).

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