Liberty Media Corp | LSXMA | Long at $21.00Liberty Media Corp NASDAQ:LSXMA may have just double bottomed near $20. If so, it could mark the beginnings of a turnaround in price (especially during this political season). However, I am staying cautious. Warren Buffet was diving into this name a little too early for my taste, but now it is in a personal buy zone if it can stay above the $20 mark in the near-term.
Target #1 = $25.00
Target #2 = $30.00
Target #3 = $43.00 (long-term view...)
LSXMA
LSXMA - Good Upside PotentialLSXMA broke the parallel channel that was holding the price since November 2022 after making a double bottom with the March 2020 low, I also liked the fact that the 2D SMMA was also broken, after having served as resistance since January 2023 and it is currently retesting it, and as if that wasn't enough to be bullish, LSXMA had a bullish divergence on the RSI on the weekly time frame.
I believe that if the LSXMA price holds above the parallel channel (SMMA), it could be the beginning of a new up trend, and could give good gains in the medium term.
