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Comcast has pulled back after making a new high last month, and now it could be turning upward again.
The media giant battled against a downward-sloping trend line running from March 16 through last Wednesday. But it ended last week breaking above it.
Second, notice the hammer on April 9 had its low around $52.50 — almost exactly the high on November 24. That level held price in check through late February. Old resistance may be turning into new support.
Next, CMCSA…
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