DISCA
DISCA - Channel breakout Momentum Long from Current price DISCA looks very good long opportunity from current price. It is breaking out a downward channel formation & it has good insider buying.
* Trade Criteria *
Date First Found- January 10, 2018
Pattern/Why- Downward channel breakout
Entry Target Criteria- Current price ($22.94)
Exit Target Criteria- momentum
Stop Loss Criteria- $21.46 or $21.03
Special Note- Good insider buying
Please check back for Trade updates. (Note: Trade update is little delayed here.)
"A Hard To Believe Bullish Pattern" - Can DISCA Really Go Up?Discovery Communications Inc. (NASDAQ: DISCA) is showing some signs of buyers momentum as per TTC Breakout Formation.
We may see a strong up move shortly if price manages to cross above a Critical Zone of 19.50 . If price manages to sustain above this Critical TTC Zone , we can see a heavy buying in the markets.
For Short-term targets, Trader should eye on 20.10 Zone . Then 20.70 is the next resistance. For Swing Traders, 21.90 zone is Very Critical. Above which we can see a good amount of buying.
Discovery Communications is an American mass media company based in Silver Spring, Maryland. The company was first established in 1985 as the owner of its namesake U.S. television channel, Discovery Channel; the company operates other major factual television networks in the United States as well, including Animal Planet, and TLC, along with other spin-offs of Discovery. It also owns or has interests in local versions of its channel brands in international markets, as well as other major regional operations such as Eurosport.
DISCA Contracting, possible BUY.This trade may be difficult to enter, but if it sets up right we can a good trade. I am waiting for a break from my triangle lines, expecting that to happen around or near Earnings Release.
