Gap Retest for DISCA?
Looking for some feedback on a possible trade setup.
In reviewing the major timelines the stock seems to be overall bearish except for the bullish uptick that started around November. I'm anticipating to get into the trade on a possible retest. We have an evening star reversal pattern with minimal shadows for the highs and low. Based on the volume all signs are pointing towards a retest at least.
In addition, I made a calculated adjustment for a possible healthier trend line as well in the event the stock remains bullish.
Any thoughts, crititcisms, suggestions, etc are welcomed.
Thanks!
In reviewing the major timelines the stock seems to be overall bearish except for the bullish uptick that started around November. I'm anticipating to get into the trade on a possible retest. We have an evening star reversal pattern with minimal shadows for the highs and low. Based on the volume all signs are pointing towards a retest at least.
In addition, I made a calculated adjustment for a possible healthier trend line as well in the event the stock remains bullish.
Any thoughts, crititcisms, suggestions, etc are welcomed.
Thanks!
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