FOX trade ideas
FOXA - Fundamentals + trading rangeFOX Corp latest operational cashflows have shown resilience. Resilient FCF and cash position at the end of the period. Advertisement-related revenues expected to increase once sport events kick-off once again. Adittionally, technicals seem to indicate a potential upmove to define an horizontal trading range? target ~29.7 (?). Cut losses if prices moves significantly below 24.56.
#Fox bearflag - #marketcrash 2.0#FOX has been trading inside a rising parallel channel, looks like a possible bear flag with 40% targets on the downside
I see this move to print a Bullish divergence on weekly timeframes with Price making a lower low & RSI making a higher low
will keep you guys posted in timeline as PA develops
Fox Corporation looking good for a small push upwardI have been watching Fox Corporation for a few days now and they are steadily rising. With a break above the upper channel resistance and a perfect retest and then bounce, this should now push upward to a target of around $31-32 before a pullback.
With filming returning and lockdown measures easing, Fox Should be primed for a 8-10% profit over the next week or two. Maybe shorter if the markets stay relatively steady.
Any negative news surrounding China could affect this. Covid numbers seem to be down every week, so I see us as out of the woods at the moment from this.
I expect a pullback within the next few weeks of 5% or more across the market, but Fox should reach it's target before then.
Fox Corporation Bearish SharkGood evening and Happy Thanksgiving,
We have a potential Bearish Shark Harmonic on the daily time frame. That being said, we are showing Strong Class A Bearish Divergence on the 4 hour time frame. I am not sure on how much selling off that will result in but we definitely have have the possibility of running up on the daily time frame between the .886 and 113% retrace inside the Blue zone. This is where major price reversal is probable.
I'd like to state that FOXA has made it's first higher high through out the trend. We still have other highs to break of course. FOXA has broken out of a down trend we've been in since Inception.
Fib Retracement from ATH's to ATL's also brings us to the .618 that coincides perfectly with the .886 in the harmonic which is also the start of the pc(zone) of the Bearish Shark.
Short Entry between $37.25 and $38.81 - (being the safest entry).
Stop depends on the entry, but with an entry at $38.81, a stop at 40.01 would be ideal.
Exit targets are between the common retraces but also at Wave B at $34.72
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FOXA smashed through using our B.I.T.S Breakout IndicatorQuick video recap of mega long breakout trade on FOXA using our B.I.T.S Breakout Intelligent Breakout Signals Indicator for TradingView.
Original trade idea here on Tradingview can be viewed >>HERE<<
Our B.I.T.S indicator is perfect for instruments that have volume and price action, so Stocks, Futures, Commodities and cryptocurrency
FOXA potential Long Breakout Trade using our B.I.T.S IndicatorWe have identified a potential long breakout swing trading opportunity on FOXA using our Breakout Intelligent Trading Signals Indicator (B.I.T.S).
The indicator using price action and volume with proximity to our Points of control to identify high probability breakout trades both long and short.
In this situation we are looking to go long through our automated entry signal at $32.65 with a tight Stop Loss at $32.29 (again automatic on our indicator) We have 4 automatic target zones printed on the chart with the 4th just below the recent major resistance pivot.
Find out more about our B.I.T.S indicator for TradingView that s i great for spotting breakouts on Stocks Commodities, Futures and Cryptocurrencies >>HERE<<
The FOX breakouts?Over the past week, we've been monitoring FOX closely on our watchlist as we observed that buyers were clearly in control with every dip met with more buying. Hence, we were anticipating for a breakout to enter the trade. And slowly but surely, yesterday, we finally managed to spot the confirmation with a strong
engulfing candle formed. For now, price in ideal uptrend according to trend indicators... Momentum indicators also showing positive confirmation.. Targets are drawn to $52 where we might see some profit taking..