Stocks

Comcast may rise to 43.40 - 44.40

2024-08-27

38.6 is our pivot point.

Our preference

The upside prevails as long as 38.6 is support.

Alternative scenario

The downside breakout of 38.6 would call for 37 and 36.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 39.6395 and 38.9592).

Supports and resistances

45.4 **

44.4 *

43.4 **

42.4

40.25 (USD-last)

39.2

38.6 **

37 *

36 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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