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 ...
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
The reasons it's likely to go down at this moment:
-SMA: a top below the line and a reversal setup is forming.
-S/R: against resistance.
-RSI+BB: just jumped below the 50 line, and a lot of room to go down.
-MACD: crossing, meaning it's likely to go down.