Disca has been dropping since March and has now reached an Ichimoku support on the weekly chart.
My support is based on the flat side of the cloud.
Quiet good risk/reward play . One could buy at the current price level with a stop between 24.90 and 23.5 depending on your risk tolerance and sizing.
My target is between 32 and 35 as you can see on the chart....
DISCA has been consolidating for some time now. Looking for breakout of this wedge. Given it's low valuation and high performance with its fundamentals I'm expecting a breakout to the upside, if it dips lower i'll DCA more inline with my stratergy.
** NOT TRADING ADVICE **
![DISCA: DISCA Squeeze looking for breakout soon [LONG]](https://s3.tradingview.com/0/0uIj3ltw_mid.png "DISCA Squeeze looking for breakout soon [LONG]")
