Comcast may fall to 34.90 - 35.90

40.7 is our pivot point.

Our preference

Target 35.9.

Alternative scenario

The upside breakout of 40.7 would call for 42.4 and 43.3.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (39.3955) but above its 50 day moving average (38.7652).

Supports and resistances

43.3 **

42.4 *

40.7 **

40.1

38.92 (USD-last)

36.8

35.9 **

34.9 *

34 **

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