$DISCA HUGE PRICE MOMENTUM COMING we will have huge price action if we held our support above the 38$, we going to have 2 price level to test , around the 34, and the 39.
DISCA
DISCA entering new cycle
Discovery Elliott Wave analysis
Discovery just finished a descending triangle ( top declining b, d ; bottom flat a,c,e ) fallowed as expected with a new wave 1
We can see a clear impulse Wave 3 of one degree down, who s traveling fast and upwards. I expect a retracement of Wave 4 with support from the channel at $27.50
Disclaimer
My content is intended to be used and must be used for informational purposes only.Do your own analysis before making an investment based on your own personal circumstances.
DISCA: LOW RISK BOUNCE SWING PLAY
Disca has been dropping since March and has now reached an Ichimoku support on the weekly chart.
My support is based on the flat side of the cloud.
Quiet good risk/reward play . One could buy at the current price level with a stop between 24.90 and 23.5 depending on your risk tolerance and sizing.
My target is between 32 and 35 as you can see on the chart. If we reach these target we will reassess and see whether we have a sustained trend reversal.
Trade safe!
More on Ichimoku (by Investopedia):
The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.
Key takeaways:
The Ichimoku Cloud is composed of five lines or calculations, two of which comprise a cloud where the difference between the two lines is shaded in.
The lines include a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line.
The cloud is a key part of the indicator. When the price is below the cloud, the trend is down. When the price is above the cloud, the trend is up.
The above trend signals are strengthened if the cloud is moving in the same direction as the price. For example, during an uptrend, the top of the cloud is moving up, or during a downtrend, the bottom of the cloud is moving down.
Discovery Jumping on Sell BandwagonBased on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on September 27, 2021 with a closing price of 28.38.
If this instance is successful, that means the stock should decline to at least 28.23 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 2.311% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 4.10% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 6.591% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 40 trading bars after the signal. A 0.5% decline must occur over the next 40 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 8.0 trading bars; half occur within 20.5 trading bars, and one-quarter require at least 33.0 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
DISCA Squeeze looking for breakout soon [LONG]DISCA has been consolidating for some time now. Looking for breakout of this wedge. Given it's low valuation and high performance with its fundamentals I'm expecting a breakout to the upside, if it dips lower i'll DCA more inline with my stratergy.
** NOT TRADING ADVICE **
Discovery +15% Long OpportunityDISCA appears to be doing bullish things to start the new week off as it continues to hold above a critical $30 price level.
It has consolidated nicely after breaking out of a supply line that has held it down for months now.
It is now beginning to make higher highs and higher lows on the smaller time frames and now has bullish confluence with the 21 MA and $30 support just below it. This will serve as very thick ice for the bears to break thru.
Look for an upside target of around $35 before traders begin to take profit. The 200 MA is also currently around this target area, which could serve as resistance as well.
George Soros play with Bill Hwang stocks!This post is just for people to know what is going on between big players!
No recommendation to buy or sell:
According to Bussiness standard:
Soros Fund Management bought $194 million of ViacomCBS Inc., Baidu Inc. stock valued at $77 million, as well $46 million of Vipshop Holdings Ltd. and $34 million of Tencent Music Entertainment Group during the first quarter, according to a regulatory filing released Friday. A person familiar with the fund’s trading said the company didn’t hold the shares prior to Archegos’s implosion.
reference:
www.business-standard.com
Algo Key Code with PTP on: RIO - CCIV -TME - DISCA - CCLSince there was such an overwhelming interest in weird things I find in gauging the market....I made this video that breaks down 4 stocks that I used Past Trend prediction on and paired it with Key Code to show confluence on these stocks going Up. Keep in mind these are 2 different paths from 2 different time periods and completely different moves altogether. If that doesn't speak to you I don't know why you are watching this.
I am iCantw84it, 1 of 33 people in the world with Acquired Savant Syndrome. You can google me: Scott Mele WECT to see a video about me. I paint amongst other things like trading. All things I couldn't do before my wreck.
If you like this video and want to see more like this pls like, follow, share, and comment below. As thats the only way I can tell if you want to see more of these.
Thank you,
iCantw84it
06.03.2021
DISCA Discovering it has a future and ready for MEDIA WARS 2021Discovery in its merger with Warner Brothers, ATT, and a bunch of other media giants at war for who will control Streaming in the future! This is like watching Pirahana Eat Each other while Small groups of fish, mammals, and other non aggressive beings are torn to pieces as the feeding frenzy and blood lust begins!
Either way this is a strong place to get in on this chart. Identifying the bottom several different ways.
With the skys the limit. There really is nothing stopping it ceiling wise for almost $30 Lets go Chum the waters for more cannibalistic fun!
by iCantw84it
05.26.2021
I know I know I didnt put the S in DISCA. SMH
Discovery in Perfect AlignmentAfter crash Discovery showing good level, as it's good by fundamental too, so far it looks like rig and little sideways.
#DISCA - Quick run after big sell-off#DISCA sold off over 120%
200MA held strong
Overcoming 9MA
MACD sloping up
RSI oversold
risk/reward 1.95
Target at high volume price
NASDAQ:DISCA
DISCA - Stairs Up, Elevator Down 💀Oooof! What a magnificent dump! Whoever was on the short side is probably moving to Cayman Islands now.
Such a mega dump action should result in a quick bounce reaction. $55 level would be my exit level to watch.
No analysis on this one. YOLO play.
4300 (TADAWUL) - Be CarefullGreetings
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, feel free to send us message (inbox).
Pra Trading :
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position and do not do nothing if u see opportunity
- Evaluate and upgrade your trading plan
Execution Strategy :
- Know what you want to buy, see the Fundamental
- Decide that you are on investing or speculating
- Consider what your strategy based on Investing/Speculating
- Make Road Map Of Your Trading Plan
- Decide
a. Entry strategy
b. Cut loss
c. Target of Profit
Post Trading :
a. Do not be sad if you loss or do not be very happy if you win
b. Just become a normal without emotion, Do not put emotion into your trading
c. Evaluate your trading
d. Keep on Learning
e. Be Humble
Idea :
4300 (TADAWUL) - Be Carefull
DISCA (NASDAQ) - Bearish TrendGreetings
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, feel free to send us message (inbox).
Pra Trading :
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position and do not do nothing if u see opportunity
- Evaluate and upgrade your trading plan
Execution Strategy :
- Know what you want to buy, see the Fundamental
- Decide that you are on investing or speculating
- Consider what your strategy based on Investing/Speculating
- Make Road Map Of Your Trading Plan
- Decide
a. Entry strategy
b. Cut loss
c. Target of Profit
Post Trading :
a. Do not be sad if you loss or do not be very happy if you win
b. Just become a normal without emotion, Do not put emotion into your trading
c. Evaluate your trading
d. Keep on Learning
e. Be Humble
Idea :
DISCA (NASDAQ) - Bearish Trend
DISCA Discovery selloff targets to watchIn the last 6 months DISC Discovery went up 280% which is a bit concerning.
You can see in the chart the targets to watch and also the area that i intend to long DISCA once again.
ANALYST RATINGS:
3/23/2021 UBS Group Downgrade $24.00 ➝ $46.00
2/23/2021 Wells Fargo & Company Boost Price Target $42.00 ➝ $65.00
2/23/2021 Barclays Boost Price Target $29.00 ➝ $34.00
So buckle up for a selloff?
If you are also interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
Discovery - Short Both technical analysis, analyst estimates and fundamental analysis suggest that Discovery could be a strong sell. Within my analysis, there are several price targets with the lowest target being quite optimistic.
DISCA - DISCOVERY+ NEXT MONTH!!With the release of discover+, Discovery's entry into the streaming wars, announced on the 2nd of December. This breakout is not one I'd scoff a fade play. Keep your stops tight. I like a Bull Credit Spread here.
Merry Christmas!
DISCA - Set-up for Another PlayDISCA - Setting up for another play. The last trade worked perfectly.
ENTRY = 20-22
1st target = 23.50
2nd target - 25
HODL Target = 27+
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
____________________________________________
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
DISCA - LONG Opportunity $25 Price TargetDISCA - Long Opportunity.
Information is in the chart.
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Discovery inc. Disca double top short positionDiscovery INC looking like it wants to come down, we have a double top on the weekly with bearish divergence on the monthly and the weekly.
The top is confirmed on the weekly so we have confirmed divergence on the monthly.
as shown i have the neckline which we are currently trading below.
I think 31 or 30,5 is a descent target on this. Also i think its imortant to have atleast a daily close below the neckline wich will likely get confirmed today.
Goodluck all!! :)
