The T company surprised shareholders last month with two statements. First, the company is going to get rid of WarnerMedia and merge it with Discovery, ending its pricey attempt to become a media giant after acquiring Time Warner three years ago.
Our Analysis:
While the price is below 30.20, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 28.99
- Take Profit 1: 27.60
- Take Profit 2: 26.90
Alternative scenario:
If the level 30.20 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 30.20
- Take Profit 1: 31.40
- Take Profit 2: 32.10
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