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Long

DISCA Long - First retracement after the breakout

BATS:DISCA   DISCOVERY COMMUNICATNS NEW
337 0 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.

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