Medium term view - COMCAST CORP : The support has been breached.
Peaks and troughs overlap, they still define a bullish trend but it could also be an exhaustion. The next target is at $46.30. The invalidation level is below $34.60.Arguments :
- The support has been breached.
- The resistance has been shortly breached, but it is now reinstated. Prices can fall.
- Prices are breaking below the moving average, it is a sign of weakness.
Comcast is a media and technology company. The company's segments are: Cable Communications, which provides internet, video, voice, and security and automation services in the United States individually and as bundled services at a discounted rate over its cable distribution system to residential and business customers; NBCUniversal, which includes a portfolio of national cable networks that provide a variety of entertainment, news and information, and sports content, regional sports and news networks, international cable networks, and cable television studio production operations; and Sky, which owns a portfolio of pay television channels that provide entertainment, news, sports and movies.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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