Video: TWX - Short stock setup on Time Warner owner of Fake News Network CNN
Here’s a weekly chart short setup on TimeWarner. Time Warner is the owner of the very fake news network CNN which is losing the meme wars badly. Failing to reach the top of the channel indicates weakness (to the alert trader) for Time Warner.
Can the price break the 21-week moving average??
We're short this TWX on a failure to stay above the 100 mark. 100 is a psychological level for stocks.
Protective stop loss is tight on a close over 100.70