WBD Reclaiming Support | Watching for Break Above $26.40
Warner Bros. Discovery (WBD) is showing signs of renewed buying interest after bouncing from a key support zone. Price is attempting to reclaim the 200 EMA while building a series of higher lows, making it a stock worth watching for a potential continuation move.
Bullish Targets
🟢 $26.40 – First resistance. A break above this level could attract momentum buyers.
🟢 $27.01 – Previous resistance and my first profit-taking area.
🟢 $27.61 – Final upside target where I'd trail stops or lock in gains.
Support Levels
🔴 $25.60 – First support.
🔴 $25.01 – Key support from previous price action.
🔴 $24.40 – Major support. Losing this level would weaken the current bullish setup.
I'll be looking for confirmation with strong volume before entering. If WBD can hold support and reclaim $26.40, it could offer a solid swing toward the upper resistance levels.
This chart is for educational purposes only and is not financial advice. Always manage your risk.