Comcast may fall to 34.70 - 35.30

Our pivot point is at 38.5.

Our preference

The downside prevails as long as 38.5 is resistance.

Alternative scenario

Above 38.5, look for 39.6 and 40.3.

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 38.7725 and 39.1106).

Supports and resistances

40.3 **

39.6 *

38.5 **

38.1

37.44 (USD-last)

36

35.3 **

34.7 *

34.1 **

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