Struggling a bit but I would be a buyer at 89.65. That it means, if I see an opportunity to get in I would be short on TWX.
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It seems Time Warner Inc may be suffering the result of it's Turner Corporation's CNN being associated with #Fakenews and the terrible #CNNBlackmail scandal?
On the technicals, in my opinion, on the 15 Minute and 1Hourly Charts, we can see a clear swing from a strong resistance area / flip zone, after a Elliott impulse wave on the subminuette period, going SHORT ...
Very strong stock. Breaking pattern of growth gives us a good point to enter. Still not too late to open a long position, as the stock has not gone too far from the level of penetration resistance. The first target can be +5 points. But it is also possible to use trailing stop for take more profit