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Technical Analysis: FOX CORPORATION (#FOXA)

Fox Corporation is an American mass media company headquartered in New York City. The company was formed in 2019 as a result of the acquisition of 21st Century Fox by The Walt Disney Company

The current setup from #FOXA provides a good risk/reward ratio where the stock reverse to the upside after touching the 50MA.

In addition, on a relative rotation basis the Communication sector (#IXC) seems improving the overall trend.

- Good risk/reward ratio (2.05)

- #FOXA recent pullback got stopped on the 50MA

- MACD sloping up

- Low RSI

Entry at $ 37.71

Target at $ 42.68

Stop loss at $ 35.18

OTB Global Investments

13 April 2021

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