NWSA - Cup & Handle to Long?NWSA long term profit ? Cup & Handle pattern + Above the average line 150. Caution - results report in a few days! Only an idea and not a recommendation for trading!
NWSA
The NWS double top is looking even more bearish than yesterday.This chart looks even more bearish than it did a few days ago. Not only does it have a double top pattern and a bearish divergence, but it now has a candle wick that has dropped below the bottom trend line. Certainly not all, but many times, this can be the 'nail in the coffin' that tips off traders that price is about to break out of the wedge pattern to the downside.
At this point, I'm extremely bearish, but will be running a tight stop 1.5% above the upper trend line.
Good luck, and always use a stop loss!
NWS likely to miss earnings expectation on Feb 7th.Media companies have been getting the pants kicked off them lately, and NWS - News Corporation is at the top of an all time high on the charts, which may provide an incredible opportunity to capture a very sharp decline in the price.
Earnings will be released on Feb 7th (next week), and with price sitting at/near an all time high, if earnings are missed, it could present a very rare opportunity for short positions/short plays.
Good luck, and always use a stop.
NWSA Nice and Clean! $NWSA Beautiful and Clean Uptrend consolidating in this Ascending Triangle.
- Recent ER Beat & Strategic Reading business model.
- 99% Institutional Ownership and Insiders buying.
- Clearly, buyers are stepping in as this top volume node grows stronger.
Bullish volume accumulation pattern. On Balance Volume indicator confluent
making higher lows & highs.
- Interest in a bid over $28 on the breakout retest.
Remember folks trend is your friend. Keep your trading and charting simple. Volume precedes price action.
NWSA Ascending ChannelBullish ascending channel, included a strong support zone if it breaks down that far. ABCDE bull break has occurred so far
News Corp - will it break resistance?News Corp is breaking resistance @$14.4.
Depending on how it closes this week, we could see a good trade coming up.
RSI and OBV point to the trend going upward.
NWSA head and shouldersstill not confirmed formation, but it has a solid base, so I will watch this breakout with patience.
