Big Money Shopper Watchlist 6/15/22
We have a big size call buyer in Warner Brothers Discovery (Ticker: WBD) of the Jan of 2023 expiration cycle:
Looking at the chart, WBD has formed a hammer yesterday:
Remember, a hammer is found at the bottom of a downtrend and could be signaling a reversal of that trend.
WBD could possibly trade back up to that previous support line (old support becomes new resistance) at $16.46.
The list is short this week, but we are experiencing some wild market moves.