Over the last few months, a clear zone has emerged at the price range of $10.85 - $11. This zone has at times acted as a support, and other times as a resistance point.
In this trade, the light blue zone is acting as a resistance, in which NASDAQ:WBD is failing to break through. In the last few days, it made contact with the zone numerous times, and as of today, it has officially failed its test and began the journey downward.
The short-term price target is around $10. The longer-term target is $9.50.