05.06.2015 - Comcast will continue to consolidate

Comcast's stock price could not overcome the sloping resistance line and currently adjusted down. In case of further decline, quotations will reach oblique line of support. The signal for opening short position will be fixing the price below 56.50. On the other hand for the continued growth, the price will overcome the psychologically important level of 60.00 and a local maximum at 60.60. After consolidation, we expect a strong price movement and recommend to wait for the signal to open new positions.

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