NASDAQ:WBD looking oversold, very close to it's all-time-low, bullish divergences respecting a trend line. Good time to buy, hold very long or sell at 21.
NASDAQ:WBD is trading around the Fibonacci support inside a channel. Breaking below the current critical support, there is a possibility of further downside.
Support levels to watch if the stock goes south:
$7.40
$6.72
$5.63
While MACD and RSI are showing bullish divergences, it remains to be seen since oscillators are not showing a similar divergence. As a...
Following WBD for quiet a few years, and we could witness now a bottoming process, where either we have the lows already in, or we should be near to it.
On the several year-prospect we had already a wave 1 (or A wave) to the upside, with a wave 2 several year pullback as either as a-b-c (with an overshooting b wave to the upside), or a WXY structure.
Yellow...
In the past months, the share of this company has dropped from $78 to $11 !
The trend of the share in the monthly and weekly time frame is still downward
In the weekly trend, it has reacted to an important range and it is bearish yet.
The first target is $8
The next target is $7.2
I bought it based on testing an old broken downtrend which may or may not have significance. This is probably a dumb idea, but I'm feeling lucky. Tiny position for me. Michael Burry owns it too. None of these reasons are compelling for a long. Since I bought it tiny, it'll probably go straight up tho, so there's that.
Warner Bros Discovery ( NASDAQ:WBD ) emerges as a significant player, amalgamating the powerhouse entities of WarnerMedia and Discovery. However, recent quarterly results have painted a complex picture of triumphs and challenges for the conglomerate, sending ripples through the industry.
Bigger-than-Expected Loss Amid Studio Struggles
The latest quarterly report...
Some bullet points breakdowns:
Fundamental metrics looks good. It's not a bloated stock... Not overpriced, poised for nothing more than upside in my view. Debt to Equity is not high either.
SAG-AFTRA/WGA strikes have resolved and the lack of earnings I think it's safe to say are connected to the strikes.
A potential merger between Warner Brothers Discovery...
Warner Bros. Discovery is a relatively new giant, formed in 2022, so its history is still being written. But even in its short lifespan, these are the reasons why we are adding it to our portfolio:
Merger of Titans: Its creation arose from the mega-merger between WarnerMedia, a powerhouse with Warner Bros., HBO, and CNN, and Discovery, Inc., known for its reality...
The downward trend line has been broken on D1. We are currently after a pullback to this trend line.
The moving average cloud has just changed direction to the north, confirming the analysis.
There is an opportunity for entering a LONG position with a potential R:R of 2:1.
Howdy Traders!
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...
8.91 In the strong support position, we need to move above the red channel to accelerate the movement. You can accept the wedge indicator as a follower.
WBD has seen a strong rally in the past week, gaining over 30% and reaching the fourth spot in terms of market capitalization. The stock has benefited from the growing interest in the WBD ecosystem, which hosts several popular streaming services, such as HBO Max, Discovery+, and Peacock. The stock has also received positive attention from institutional investors,...
The stock of the film and entertainment giant - Warner Bros set out in an impulsive Wave 1 in Dec of last year and had a 80% rally till Feb 2023. That was the end of Wave 1 for the stock and then since then the stock has only seen darkness. But darkness only makes the dark knight stronger (:P).
The stock has given up on almost all the gains it made during the...
Warner Bros Discovery Inc traded an impressive 265,486 contracts, equivalent to approximately 26.5 million underlying shares. This figure represents a whopping 140.1% of its average daily trading volume over the past month. The $11 strike put option, expiring on October 13, 2023, was particularly noteworthy with a high volume of 150,113 contracts.
As a prominent...
Warner Brothers is back down near 2008 support level.
Fundamentals have growth and valuation relatively in line with rest of sector.
From a long term R/R perspective, this presents a great opportunity. However, I would not recommend a downside of 50.
One could lock in at 4-6% stops, and have 4 losses that equate to less than 50% thereby mitigating the...
