WBD: Burry liked this at $25 so...

WBD trading in the golden pocket between $13.46 and $14.68 as well as the .618 trend based fib at $14.28. Bearish momentum is decreasing on the Weekly TF as well as an imminent bullish cross on the MACD. Earnings coming up. Should price continue to make new yearly lows, $9 is next. Undervalued here imo.

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Being a bit careful here as WBD is tagging 1.618 fib extension. Overextended with earnings coming up. Will accumulate more shares back in the grey area

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With SPX looking to temporary reverse back to ~4,000 imo, WBD will probably drop back into the accumulation area especially after that abysmal earnings report. A lot of shorts having fun, but regardless of Debt > MC, Price to Free Cash Flow is nearing a new ATL at 4.67.

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Scooped up some more shares at $14.8

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I probably should have paid attention to that massive shooting star on the weekly TF! Still not a bad buy here imo. I'm not too concerned with the financial FUD from the bears

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So Burry completely cashes out of WBD. This is where FA contradicts with TA. If it wasn't for 1) star on weekly TF 2) S&P shitting the bed, I'd happily double down. Against my better judgement, I'm holding on here.

CrashWhen

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CrashWhen