BATS:WBD   Warner Bros. Discovery, Inc. - Series A
WBD is trading around the Fibonacci support inside a channel. Breaking below the current critical support, there is a possibility of further downside.

Support levels to watch if the stock goes south:
$7.40
$6.72
$5.63

While MACD and RSI are showing bullish divergences, it remains to be seen since oscillators are not showing a similar divergence. As a result, there is no clear indicator of where the stock could go at this point. ER might have to be the tie breaker.

If it manages to break out of that channel, it can run to the $12 area. But it is a big if currently.

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.