Over the past week, we've been monitoring FOX closely on our watchlist as we observed that buyers were clearly in control with every dip met with more buying. Hence, we were anticipating for a breakout to enter the trade. And slowly but surely, yesterday, we finally managed to spot the confirmation with a strong
engulfing candle formed. For now, price in ideal...
FOX slowstoch is coming out the 20 zone.
Title touched a support at 35.32 for two consecutive days and slowstochastic crossing above 20 could be a good signal of reversing.
Stock strenght is above 65.
Watch the stock and lets see on lower timeframes if there is a entry signal.
This is just my tought: don't invest based on this idea.
A clear floor has been set at $26.50 price level. Lately plenty of bears have been driving down this price due to a larger marker selloff but that being said I could see a strong reversal to the $28.00 or a break in bottom to a $24 price. Keep an eye out in tomorrow trading session to see if there is any significant action and play accordingly. My best guess is...
FOX 1 daily chart, being of April ended an bullish Elliot Impulse Wave (12345). Starting this month stock has lost $2.00 a share, related to negative news related to Bill O'Reilly firing. I believe bears will be in control of FOX stock until June, then recheck at that time situation.
SUPPORT areas: First noted support area is S1 $29.35, S2 $28.50 & S3 $ 27.08. ...
this strategy is based on trends, william %R and WT -LB (10, 21, 60.). After sharp increase in the first part of the semester to approximately 30,99, the shares ploughed. this shows a steady pattern movement of the shares therefore i am expecting an increase around 30,20 per shares in the coming semester.NASDAQ:FOX