Stocks

Comcast may rise to 41.50 - 42.20

2024-06-09

Our pivot point is at 38.

Our preference

Short term rebound towards 41.5.

Alternative scenario

The downside breakout of 38 would call for 36.8 and 36.1.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 39.141 and 39.513).

Supports and resistances

42.9 **

42.2 *

41.5 **

40.8

38.96 (USD-last)

38.4

38 **

36.8 *

36.1 **

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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