Fox CorporationLong
Fox Corporation looking good for a small push upward
I have been watching Fox Corporation for a few days now and they are steadily rising. With a break above the upper channel resistance and a perfect retest and then bounce, this should now push upward to a target of around $31-32 before a pullback.
With filming returning and lockdown measures easing, Fox Should be primed for a 8-10% profit over the next week or two. Maybe shorter if the markets stay relatively steady.
Any negative news surrounding China could affect this. Covid numbers seem to be down every week, so I see us as out of the woods at the moment from this.
I expect a pullback within the next few weeks of 5% or more across the market, but Fox should reach it's target before then.
With filming returning and lockdown measures easing, Fox Should be primed for a 8-10% profit over the next week or two. Maybe shorter if the markets stay relatively steady.
Any negative news surrounding China could affect this. Covid numbers seem to be down every week, so I see us as out of the woods at the moment from this.
I expect a pullback within the next few weeks of 5% or more across the market, but Fox should reach it's target before then.
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