Long
$DISCA. Disco is going to happen again.
Here we can see price consolidation, it will last I hope till the end of June.
So, I start filling my pockets at 28.9
There is a downward trendline which we will be able to break out of to the upside if we can get over and hold $31.
In addition to this, the RSI is sitting at around 29.87 which is largely in OVERSOLD territory.
Once people see this breakout and see that DISCA has finally bottomed out, we should begin to see a rush of buyers as everyone knows this thing is cheap but were too afraid to buy as they were not sure when the selling was ever going to end.
All the related information about the growth of the company's capitalization, the merger between WarnerMedia and Discovery, their streaming platform should become a major player in the industry.
So, I start filling my pockets at 28.9
There is a downward trendline which we will be able to break out of to the upside if we can get over and hold $31.
In addition to this, the RSI is sitting at around 29.87 which is largely in OVERSOLD territory.
Once people see this breakout and see that DISCA has finally bottomed out, we should begin to see a rush of buyers as everyone knows this thing is cheap but were too afraid to buy as they were not sure when the selling was ever going to end.
All the related information about the growth of the company's capitalization, the merger between WarnerMedia and Discovery, their streaming platform should become a major player in the industry.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.