The Descending Triangle is just one piece of the puzzle. See the full technical breakdown.
Bearish continuation pattern.
Reversal pattern. Price likely to break upwards.
Market participants tracking Comcast should note the latest formation. With a last close of $22.3, volatility remains active (1.71%). Price action has carved out a classic Descending Triangle. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $21.28, targeting $15.82 with support near $24.68 (R:R 1.6).
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