Discovery Stock Chart Analysis: Sell Short Trade Alert

Shares of Discovery Inc (DISCA) surged today on the back of better-than-expected earnings. While bullish news, the Discovery stock chart analysis signals a sell-short swing trade. Not only is the stock up 37.5% in just two weeks, but price just ran into a major trend line of resistance. In addition, the RSI is at a whopping 87, a level that is ultimately unsustainable in the near-term. Discovery stock chart analysis signals a pull back to $49.75 in the next week or so, good for a 10% profit for swing traders.

Members of Gareth’s Verified Investing Alerts closed out a total of 206 swing trades in 2020 for a net gain of 1,507.67%. So far in January and early February 2021, Gareth already banked 170.57% net (16 winners, 1 loser), in Verified Investing Alerts. Members are crushing 2021!  Join now and get the exact entry/exit price alerts, stops and targets…LIVE. Get The Action NOW by Clicking HERE.