demyanchuk
Long

Expecting boom after long consolidation of Tribune Media stocks

NYSE:TRCO   TRIBUNE MEDIA CO
Usually after such channels, there is a great movement.
But we are not very greedy :)

Supporting signals:
1-gap
2-double bottom

Buy 40.00 breakout of top channels line
Stop loss 37.50 (the middle price of the channel)
Target 50.00 (sizing+strong resistance)
Risk\return ratio 1:4
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