11.02.2015 - Shares of Time Warner are growing within the channel

Time Warner's stock price rebounded from the bottom of the channel and the support level at 77.90 and continues to grow. At the moment, quotations continue to grow and according to our forecasts will continue to grow with the first target on 86.00. On the other hand, fixing the quotations below 77.90, and the exit from the channel will be the basis for opening short positions with the reduction potential up to 71.50 and 70.00. We recommend to open long positions with a stop below 77.50 and expect a rise in prices in the medium term.

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