In the chart above I draw what I found at DISCA chart, really strong bullish Fibo Cluster, where 3 types of analyses meet each other:
1) Elliott cycles - from 31 December 2013 to 16 November 2017 there was a bearish downtrend, long correction of the previous cycle, but it was completed on 16 November 2017 and next bullish cycle had started....
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based...
Go on youtube right now ( GOOGL ) and see what people are talking about: TLC network shows.
The 'crazy' stuff has become reality tv and we now crave it in our everyday lives ( xiv blowup). Discovery inc owns TLC ( DISCA DISCB DISCK ) and owns the memes of production
manage your risk
Price made the first impulse move to the upside late last year, followed by a nice consolidation (correction).
We are now looking for an opportunity to start accumulating DISCA.
17.70 to 19.05 area is a good zone for us to look for a potential long entry, with a potential target around 29.76 - 32.29.
Disclaimer - this is not a trade call or investment advice....
DISCA looks very good long opportunity from current price. It is breaking out a downward channel formation & it has good insider buying.
* Trade Criteria *
Date First Found- January 10, 2018
Pattern/Why- Downward channel breakout
Entry Target Criteria- Current price ($22.94)
Exit Target Criteria- momentum
Stop Loss Criteria- $21.46 or $21.03
Looking for some feedback on a possible trade setup.
In reviewing the major timelines the stock seems to be overall bearish except for the bullish uptick that started around November. I'm anticipating to get into the trade on a possible retest. We have an evening star reversal pattern with minimal shadows for the highs and low. Based on the volume all signs are...
Discovery Communications Inc. (NASDAQ: DISCA) is showing some signs of buyers momentum as per TTC Breakout Formation.
We may see a strong up move shortly if price manages to cross above a Critical Zone of 19.50. If price manages to sustain above this Critical TTC Zone, we can see a heavy buying in the markets.
For Short-term targets, Trader should eye on 20.10...