🧠 **DISCA SWING DD** @everyone 

Recently investment fund Archegos caused $30 billion dollars in market selling as a result of failed overleveraged (LOL) margin calls, with many positions being leveraged 8:1 and some as bad as 20:1! As a result, over the recent week we saw share price in ViacomCBS ($VIAC) & Discovery ($DISCA) fall as far as 50% 👀  Whenever a security takes a plunge like this, especially since its caused by a forced sellers rather than a technical or corporate change, they return! This is basically a half off sale on two very very large and successful media corps. Viacom owns BET, Paramount, CBS, CBS Streaming, CBS News & CBS Sports, Discovery is discovery channel. 

As you can see, we are pushing the very bottom of a 1D/1Y regression channel, looking for BIG push this week or next on both securities. If you have any questions, feel free to DM me!

[chart](https://cdn.discordapp.com/attachments/713975122674843700/826809160930295818/unknown.png)