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Time 4 TIMES WARNER $TWX

NYSE:TWX   TIME WARNER INC NEW

Time Warner             Buys 10% Stake in Hulu for $583 Million

Times warner's last try to survive in the market. But it will fail too. How? Look at the cart. The move from the 2016 Feb low from $50s range is about to come an end. It may go higher but not too much as the technical are diverging and shows weakness. It also failed to take out the recent previous high $79 area even after such a good news. Once the triangle patterns finishes it will be a good candidate to short and look for below $50 area or much lower.

http://www.wsj.com/articles/time-warner-buys-10-stake-in-hulu-1470223723
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