Comcast: ⬆️ Buy
– Comcast reversed from key support level 21.60
– Likely to rise to resistance level 23.00
Comcast (CMCSA) stock recently reversed up from the key support level 21.50, which previously stopped wave (b) at the end of July and which intersects with the lower daily Bollinger Band.
The upward reversal from this support level completed the previous minor impulse wave (v) from the start of September.
Given the strength of the support level 21.50 and the oversold daily Stochastic , Comcast can be expected to rise further toward the next resistance level 23.00 – former support from the end of July.