Look at this chart of WBD on the Daily TF. On the right side of the chart you will see a purple box which marks a pivot point. Off of that pivot point, there is a Yellow resistance line, where price action was chopping along for some time. The price action then started creating lower highs and lower lows creating a downward sloping megaphone pattern. When you...
Warner Bros. Discovery, Inc., a media company, provides content across various distribution platforms in approximately 50 languages worldwide. It also produces, develops, and distributes feature films, television, gaming, and other content in various physical and digital formats through basic networks, direct-to-consumer or theatrical, TV content, and games...
The PEAD projected a Bullish outlook for $WBD after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 44.44%.
REVERSE SHOULDER HEAD SHOULDER FORMATION goals set according to finonacci
stoploss 12.20 target 13.83..quick target ..double bottom
WBD bearish hammer on monthly should go lower. Not perfect spot, but considering economy I don't see why not.
Bearish megaphone forming here for WBD. Look for a breakout below 12.23 Possible move down to 11.50 followed by a move to 10.50 support Set stop loss around 13.53 swing high This is not financial advice. Good luck!
Bullish divergence Price $13.23 (AH 08.31.2022) Target $15.76 Stop loss $12.69 IMO
WBD trading in the golden pocket between $13.46 and $14.68 as well as the .618 trend based fib at $14.28. Bearish momentum is decreasing on the Weekly TF as well as an imminent bullish cross on the MACD. Earnings coming up. Should price continue to make new yearly lows, $9 is next. Undervalued here imo.
trading inside channel ..only intraday ..enter long @ bottom channel or after breakout
A large double bottom along this green downtrend The right one has completed this short lived recovery We are waiting for a similar recovery for WBD
Great Opportunity to buy a great company at a big discount.
As expected, Wave 2 pullback has hit the 61.8. As a reminder, wave 2's can retrace 100% of wave 1. This is not the expectation, but we are sitting on the 61.8 as expected.
As shown, appears to have one more leg down to meet the 61.8 retracement level. Once complete, expect five waves up to fair market value.
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looks like this is going to be trading in a range (long support and resistance)
demand zone trendline break higher low 20 mqp long term investment