Traders are watching this Rectangle on NWSA. Inspect the chart now.
Sideways movement between parallel supports.
Bearish continuation pattern.
Technical analysis of News Corp (Class A) (NWSA) reveals a significant setup. Price has moved to $25.28 (-2.69%) amidst recent volatility. Price action has carved out a classic Descending Triangle. Volume is strong (4.76x avg) with moderate trend strength (14.9). A potential breakout level is identified at $24.92, targeting $22.11 with support near $27.62 (R:R 1.04).
What is your outlook on NWSA?