Comcast may fall to 34.00 - 34.70

38.9 is our pivot point.

Our preference

The downside prevails as long as 38.9 is resistance.

Alternative scenario

The upside breakout of 38.9 would call for 40.1 and 40.8.

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 share stands below its 20 and 50 day moving average (respectively at 38.491 and 38.9166).

Supports and resistances

40.8 **

40.1 *

38.9 **

38.4

37.85 (USD-last)

35.3

34.7 **

34 *

33.3 **

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