Discovery Inc bottom fishing and the WarnerMedia merger
Discovery Inc (DISCA) has retraced its November gains substantially however the bullish trend shift appears to still be in tact as of now with price sitting on the 0 level of the Fibonacci extension. With big moves still in the works I'm giving the bullish trend all of the credit and with LEAPs being cheap at the moment this assumption may just pay off big time.
ATT's WarnerMedia will be merging with Discovery in an attempt at better monetizing WarnerMedia's extensive content catalog of iconic media. The new company will be a pure play on content streaming and will be competing directly with Netflix and Hulu
about.att.com/story/2021/warnermedia_discovery.html
bloomberg.com/news/articles/2021-05-16/at-t-is-said-in-talks-to-combine-content-assets-with-discovery-kor6r2uj
ATT's WarnerMedia will be merging with Discovery in an attempt at better monetizing WarnerMedia's extensive content catalog of iconic media. The new company will be a pure play on content streaming and will be competing directly with Netflix and Hulu
about.att.com/story/2021/warnermedia_discovery.html
bloomberg.com/news/articles/2021-05-16/at-t-is-said-in-talks-to-combine-content-assets-with-discovery-kor6r2uj
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