This chart looks even more bearish than it did a few days ago. Not only does it have a double top pattern and a bearish divergence, but it now has a candle wick that has dropped below the bottom trend line. Certainly not all, but many times, this can be the 'nail in the coffin' that tips off traders that price is about to break out of the wedge pattern to the...
Media companies have been getting the pants kicked off them lately, and NWS - News Corporation is at the top of an all time high on the charts, which may provide an incredible opportunity to capture a very sharp decline in the price.
Earnings will be released on Feb 7th (next week), and with price sitting at/near an all time high, if earnings are missed, it could...
News Corporation (Ticker: NWSA), a diversified media and information services entity, has exhibited mixed signals in recent financial reports. Here's an encapsulated analysis touching upon its financial performance alongside technical indicators as of recent data:
Financial Performance:
Q4 FY 2023:
Revenue: Reported at $2.43 billion, marking a 9% dip compared to...
The PEAD projected a Bearish outlook for $NWSA after a Negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
The PEAD projected a Bearish outlook for $NWS after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
$NWSA Beautiful and Clean Uptrend consolidating in this Ascending Triangle.
- Recent ER Beat & Strategic Reading business model.
- 99% Institutional Ownership and Insiders buying.
- Clearly, buyers are stepping in as this top volume node grows stronger.
Bullish volume accumulation pattern. On Balance Volume indicator confluent
making higher lows & highs.
-...
Market just created a new support, flag pattern, showing buyer still in control
Might want to place a Buy stop order at 24.20
Trend continuation candlestick pattern: price consolidating below 24.20
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Hey my friends, NEWS CORP NEW is in a fake bearish configuration with a fake return of traded sell volume and a marubozu. The TIMEFRAME M1 shows us an upside down short trace hammer candle with a fake return of sales volume executed. It goes towards its last low point which is below the low of the bollinger to make a reversal. Then she will leave again to check...
Hey people, NEWS CORP is in a fake bearish movement with a large sell volume made and a marubozu form with two legs of which the larger one is the sell one. In the TIMEFRAME M1 we see a shape of water-carrying candle with a large volume of sales executed, it goes to his VWAP to do a reversal to test. Again the bollinger in all these parts and find the top of the...
I have a position in NWSA for a Continuation to the upside. Recently, we lossed the 50MA, and the BB:20MA. With the recent activity in SPY and QQQ, I'm speculating that this was a stock that was over sold. You can see the price action extending far outside 2 standard deviations of the Bollinger Bands. I believe that this chart is still looking healthy, although a...
Hello traders,NEWS CORP NEW is in a bullish configuration, on a strong trend supporting low buying volume. In this situation it is continuing its climb to reach its last previous high point, see going above if the buyers' anxiety is at the rendezvous.
Please LIKE & FOLLOW, thank you!
Hey investors, NEWS CORP NEW is in a bullish push, it is on a bullish slant. Attempt of sellers aborted on a large volume of purchase, configuration of a hammer candle despite this. We can see that a lot of sales volume has been executed in the last few sessions, a possibility of reaching the previous higher of the penultimate session and even to see to interfere...
FX News – The Reserve Bank of New Zealand kept its official cash rate (OCR) at 1.0%. This comes in line with the market’s expectations.
However, the bank also said there was scope for further fiscal and monetary stimulus. Such measures will help bolster the economy that faces worsening global tensions trade conflicts.
The NZ dollar gained against the US dollar...
News Corp is breaking resistance @$14.4.
Depending on how it closes this week, we could see a good trade coming up.
RSI and OBV point to the trend going upward.
