• Comcast rising inside impulse wave 3
• Likely to rise to resistance level 58.50
Comcast continues to rise sharply in the minor impulse wave 3 – which started earlier from the pivotal support level 53.75 (which has been reversing the price from April).
The active impulse wave 3 belongs to the higher level intermediate impulse wave (3) from the start of last month.
Given the predominant uptrend that can be seen on the daily charts – Comcast can then be expected to rise further toward the next resistance level 58.50 (former multi-month high from March).