#LSXMA - Potential reversal

LSXMA

Liberty Media Corporation - LSXMA

- The stock has been trading sideways since November 2020
- On the 15 January, reversal candle at 61.8% fib level
- MACD is signalling a potential reversal
- The RSI is low and may have room for an upside
- Entry price @ $ 40.53
- 1st target @ $ 42.00
- 2nd target @ $ 43.80
- Stop loss @ $ 38.81

Trade closed: target reached