WBD - Bullish divergenceBullish divergence
Price $13.23 (AH 08.31.2022)
Target $15.76
Stop loss $12.69
IMO
J5A trade ideas
WBD: Burry liked this at $25 so...WBD trading in the golden pocket between $13.46 and $14.68 as well as the .618 trend based fib at $14.28. Bearish momentum is decreasing on the Weekly TF as well as an imminent bullish cross on the MACD. Earnings coming up. Should price continue to make new yearly lows, $9 is next. Undervalued here imo.
Similar Recovery Along Downtrend A large double bottom along this green downtrend
The right one has completed this short lived recovery
We are waiting for a similar recovery for WBD
$WBD ~ Retracement hit target...As expected, Wave 2 pullback has hit the 61.8. As a reminder, wave 2's can retrace 100% of wave 1. This is not the expectation, but we are sitting on the 61.8 as expected.
$WBD ~ Appears to have one more leg down...As shown, appears to have one more leg down to meet the 61.8 retracement level. Once complete, expect five waves up to fair market value.
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looks like this is going to be trading in a rangelooks like this is going to be trading in a range (long support and resistance)
