$DISH Dish Network Corp -
Possible long term head and shoulders formation on weekly chart. Based on Fibonacci levels, long term target $14.50 by July 2019.
Bearish unusual options activity today -
- 5.4k $22.50 strike (OTM) Jan'2020 puts traded today for total premium of $2.5M against OI of 2,685 contracts.
- 13.3k $17.50 strike (OTM) Jun'2019 puts traded today...
If anyone was in NYC last week, they would have seen the unveiling of an integration project between Google and Dish, where you can control the dish unit via Google Home/Hub/Pixel ....It was an incredible demonstration of high tech (google) enhancing under the radar service such as DISH. No one has noticed that Dish has had no new news releases, and for a GOOD...
Still flagging between support and resistance. The SMA'S are entering the flag the 200 SMA is getting closer. The breakout is getting closer and closer. I like how the fluctuations in the market does not affect DISH.
A year long downtrend has recently been broken on DISH stock. Earnings was the catalyst this ticker had been waiting for to confirm that breakout attempt in early July. We have a MacD crossover, a new RSI high, and major reversal of the downtrend in price.
DISH NETWORK on 8/3/18 showed a strong breakout BUY back to the top of resistance,
as shorts covered, and a potential shake out BASE was formed in the stock BELOW prior Support. ( Potential bear trap )
Fundamentally the company is trying to maintain market share in a decades old business model, that is being threatened by digital.
I use DISH in the...