Liberty Media Corporation is an American mass media company controlled by chairman John C. Malone. The company has three divisions, reflecting the company's ownership stakes in Formula One, SiriusXM, and the Atlanta Braves
The stock has been trading sideways since November 2020 and on the 15 January 2021 the stock touched and bounce back from the 61.8% fib level. The area coincides also with a major resistance area.
We believe #LSXMA is now offering a potential entry point for a reversal to the upside: first resistance will be found at the 50MA @ $ 41.00. If broken, the second target will be $ 43.80.
- MACD is signalling a potential reversal
- The RSI is low and may have room for an upside
- Entry price @ $ 40.53
- 1st target @ $ 42.00
- 2nd target @ $ 43.80
- Stop loss @ $ 38.81
OTB Global Investments
London, 26 January 2021