MSGS – Technical Setup + Long-Term OpportunityTaking a swing long here on Madison Square Garden Sports Corp. ( NYSE:MSGS ). Price just pulled back into the Ichimoku cloud with support at the base line, offering a high-probability bounce setup. Risk/reward looks solid at 3.82 with a target of $219–$223 and a tight stop near $183.
Why MSGS?
🎟️ Owns the Knicks & Rangers – both cash machines in a media-driven era.
🧾 Clean balance sheet, low debt, and real estate-backed value.
💰 No dividend, but serious potential for buybacks and long-term appreciation.
🧠 Analysts see hidden value in MSGS due to the brand/IP strength and optionality with sports media rights.
Indicators
MACD just crossed bearish, but price hasn't confirmed downside. Watching for bull divergence and recovery within the cloud.
Weekly support still holding; a reclaim of the $195 level confirms bullish continuation.
🧠 Thesis: If MSGS gets back above $200, momentum could drive it to $220+. Happy to hold as a value/growth hybrid anchored by real-world assets.
MSGS trade ideas
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in MSGS
BUY TODAY SELL TOMORROW for 5%
Hopefully a Easy Lay-up at the Madison Square Garden!What I see...
+ 10ma is bouncin goff of 50ma
+ MACD is stepping into bullish zone
+ RSI is pointing upward
+ Bollinger is neutral
- Downward trendline servers as immediate Resistance
- Very low vol. stock; Rather high price
- Upper shadows
- Rather volatile stock prices
What I setup...
+ Long entry above channel
- Stop at Friday's low
+ Taret at 200ma
:: Duration - 5 to 10 sessions
** Comments and Likes are appreciated; New Subscribers gets to go watch the Knicks soon! **