After a 9 week consolidation, the stock is poised to regain its upward momentum targeting the previous high at 50 against a stop at 44.
FOX long term view (based on Avatar film) FUNDAMENTAL ANALYSIS
FOX: 21st centry fox class b 2018-06-20 08:34:02 Detected possible acquisition or asset purchase
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. Disclaimer: This is just my tought: don't invest based on this idea.
Watching to go long if prices break and hold above 36.66 with supporting volume. The first target is at around 37.21, second and third target at 37.81 and 38.25. First stop loss at around 38.85, you can adjust your stop loss as the price progress to the upside. Good luck
At the moment there are two possibilities for FOXA : 1) Breakout up : We can break the downwards short term trendline and the green 50-day SMA, after that we will break out of the consolidation range and find resistance at the red lines. 2) Breakout down : We can break the support area of the consolidation range and the orange 100-day SMA, after that we will find...
Fox represents a a nice setup double inside day on low volume, ma's converged. On watch
lets see what it does. i think it wil rise a little longer but it will fall to support again.
Gartley pattern on FOXA chart is in place. Also, price reached Upper Median Parallel Line of the Fork which suggests a retrace to the Median Line. Will join the shorts at opening price, with SL at 36 and targeting 30 per share
Twenty-First Century Fox, Inc. (FOX) show a bearish trend, we can see prove in 3 times the line, and them broke in a reversal trend.
It seems like we get WaveC if the following candle is not below 25.5. Expected target is around 28.5