WBD is sitting way under the covid low, and this enormous bullish divergence is only getting bigger showing us that the circulating supply is being absorbed by long term holders. I am buying some shares for long term. I started buying at 13$, and now bought some at 12$, and will buy more at 11$ and 9.65$ if it reaches these levels. I believe the potential for upside is a lot greater than the downside at this point. Only 1 positive catalyst, like inflation peaking, or the War in Europe ending, or US dollar topping will see this asset rise a lot.
This entertainement company owns HBO and a lot of copyrights including pro sports and the Game of Thrones series. I have no doubt they will make it through this tightening phase by the FED.
From an Elliot wave perspective, It's pretty easy to see that a whole 5 wave cycle was completed and now we are deep in the ABC correction. If the second corrective wave is as big as the first, that would take price action to around the 9$ mark.
This isn't financial advice, do your own research. Good luck!
This entertainement company owns HBO and a lot of copyrights including pro sports and the Game of Thrones series. I have no doubt they will make it through this tightening phase by the FED.
From an Elliot wave perspective, It's pretty easy to see that a whole 5 wave cycle was completed and now we are deep in the ABC correction. If the second corrective wave is as big as the first, that would take price action to around the 9$ mark.
This isn't financial advice, do your own research. Good luck!
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On the monthly chart we can see the average volume rising exponentially while price action is falling, another sign of bullish divergence.
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The Wick at 9.65$ perfectly hit our buy target :)
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This is a stock I will be holding for years. Revenue growth forecast of the company 255%. The company is profitable and has an audience in about 220 countries...
Entertainement is not going away because of a liquidity squeeze. Markets can be very irrational sometimes.
Entertainement is not going away because of a liquidity squeeze. Markets can be very irrational sometimes.
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14$ confirmed as support for now