Comcast rises alongside the downward trend line - Analysis - 16-08-2022

Comcast's stock (CMCSA) rose amid positive signals from the RSI after reaching oversold levels, with the stock rising 1.43%, or 57 cents, and settling at 40.57, therefore touching the resistance of the 50-day SMA, amid the dominance of the main downward trend in the short term. 

Therefore we expect the stock to return lower, targeting the support of 36.57, provided the resistance of 42.85 holds on.

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Expected trend for today: Bearish