TKO about to get TKO'dTKO currently completing last leg of current wave. TP targets will be at bottom of channel and or import fib level retracements from current top. May be a period of distribution before we see down side.
TKO trade ideas
BONANZA BOYZ: Season Finale TKO whole lotta bonanzas last post of the year
whole lotta bonanzas tko
30 mill 5 mill insider buying for measly 9% i aint for it but i feel there might be more maybe a 1000% end of year no dummy wasting these figures on nothing
p.s im doing options on all bonanzas to get the bargain i deserve
TKO is poised for a major multi-year breakthrough!Weekly Chart
The 100 level has shown to be a significant resistance point for the stock, as it faced multiple rejections at this level.
Following these rejections, the stock entered a significant consolidation phase, which led to the formation of a Symmetrical Triangle pattern.
After breaking out of this formation, the stock price soared, reaching a peak around the 117 level before experiencing a decline.
However, the stock found support at the 200 WEMA and rebounded from that level..
At present, the stock is lingering near the resistance zone, and with an increase in trading volume, there is a strong expectation that it will achieve a breakout this time around.
The appearance of an Inverted Head & Shoulders pattern on the weekly chart indicates a bullish sentiment.
Daily Chart
The daily chart shows that after being rejected near the 117 level, the stock fell but then reversed by breaking above the double bottom pattern.
Since then, the stock has maintained its upward trend and is now close to a major breakout.
The rising volume indicates that the price is preparing for an upward move.
TKO Group HoldingsI'm making this just for kicks.
Fundamentals:
Netflix (NFLX) and TKO Group Holding's WWE announced new partnership early Tuesday that will bring WWE's flagship program Raw to the streaming service, beginning January 2025.
TKO's agreement with Netflix has an initial 10-year term for an aggregate rights fee in excess of $5 billion.
Dwayne 'The Rock' Johnson is joining the WWE & UFC parent company's board of directors.
Technicals:
I have a bullish D.B. with this asset. The weekly TF out of the four is bearish, and that can solely be due to price breaking through a key monthly high, which in turn would start the retracement, but not all the time tho!
I would like to see a deeper correction before price actually start to take off, and this current bull movement it's showing looks to be a small pullback before the bears reenter the market in order to push price further down.
We all shall see...
next support levels $TKOAfter very bad earnings call I expect a new decline to the next support at 62 levels. Buying there is a good idea, I expect very positive upcoming data for the company.
