• 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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