Comcast may fall to 35.00 - 35.80

40.5 is our pivot point.

Our preference

Under pressure below 40.5.

Alternative scenario

The upside breakout of 40.5 would call for 41.8 and 42.7.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 38.5858 and 38.6225).

Supports and resistances

42.7 **

41.8 *

40.5 **

39.9

38.235 (USD-last)

36.6

35.8 **

35 *

34.2 **

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