- Comcast broke the support zone
- Likely fall to support level 31.45
Comcast recently broke the support zone located between the support level 34.00 (which has been reversing the price from the start of May) and the 50% Fibonacci correction of the upward wave A from April.
The breakout of this support zone accelerated the active impulse wave c, which belongs to wave B from June.
Given the clear daily downtrend, Comcast can be expected to fall further to the next support level 31.45 (former multi-month low from April).
- Likely fall to support level 31.45
Comcast recently broke the support zone located between the support level 34.00 (which has been reversing the price from the start of May) and the 50% Fibonacci correction of the upward wave A from April.
The breakout of this support zone accelerated the active impulse wave c, which belongs to wave B from June.
Given the clear daily downtrend, Comcast can be expected to fall further to the next support level 31.45 (former multi-month low from April).
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.