Long
DISCA BUY/LONG NOW READY! 29.00-31.00 by End Aug 2021
TICKER CODE: DISCA
Company Name: DISCOVERY, INC. - SERIES A
Industry: US Stocks Consumer Services Cable/Satellite TV
Position Proposed: BUY/LONG
Entry: NOW READY 30.20
1st Partial Take Profit: 39.85 - 40.00 (~Aug21)
2nd Partial Take Profit: 50.15 - 50.30 (~Sep21)
3rd Partial Take Profit: 69.45 - 69.60 (~Nov21)
NOTE THAT THE TIMELINE IS ONLY AN ESTIMATION
Stop Loss: 26.20
Technical Analysis
1. Falling wedge/pennant (Almost complete; waiting to breakout)
2. 1st Partial Take Profit is at the next resistance level; may experience some retracement
3. 2nd Partial Take Profit is at the next major structure level
4. 3rd Partial Take Profit is Fibonacci Retracement at 0.786 & also 100% of the pole length
Company Name: DISCOVERY, INC. - SERIES A
Industry: US Stocks Consumer Services Cable/Satellite TV
Position Proposed: BUY/LONG
Entry: NOW READY 30.20
1st Partial Take Profit: 39.85 - 40.00 (~Aug21)
2nd Partial Take Profit: 50.15 - 50.30 (~Sep21)
3rd Partial Take Profit: 69.45 - 69.60 (~Nov21)
NOTE THAT THE TIMELINE IS ONLY AN ESTIMATION
Stop Loss: 26.20
Technical Analysis
1. Falling wedge/pennant (Almost complete; waiting to breakout)
2. 1st Partial Take Profit is at the next resistance level; may experience some retracement
3. 2nd Partial Take Profit is at the next major structure level
4. 3rd Partial Take Profit is Fibonacci Retracement at 0.786 & also 100% of the pole length
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