Hello

DISCA Long - First retracement after the breakout

Long
BATS:DISCA   None
1
Buy Area - $58.50 - $59.50
Target Area - $61 - $62 (Although DISCA has been in a major bull uptrend for quite a while and higher prices should be expected in the future)
Stop Limit - $57

Reasons to buy:
Oversold Daily / 4 Hour / Hourly stochastics
Just broke out of a triangle pattern up to the measured move for the breakout, prices are pulling back as to be expected after a rally from participants taking profits. Retraced back to the first retracement level.

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.