Comcast may fall to 34.50 - 35.30

Our pivot point stands at 39.2.

Our preference

The downside prevails as long as 39.2 is resistance.

Alternative scenario

The upside breakout of 39.2 would call for 40.5 and 41.3.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 37.909 and 38.5208).

Supports and resistances

41.3 **

40.5 *

39.2 **

38.7

37.74 (USD-last)

36

35.3 **

34.5 *

33.8 **

Number of asterisks represents the strength of support and resistance levels.