First off, fuck Fox News, but if you look at their stock chart. (pic8.co) It looks like the downward movement on Nov 3rd and 4th (circled red candles), is really trading inside of it's normal range. I wouldn't be surprised if the stock bounces off downward resistance at $24 and then shoots back up to upward resistance of $30 (orange line).
However longer term, I believe the stock will fall as cable subscriptions continue to decline and Trump supporters migrate towards alt-news sources.
First off, fuck Fox News, but if you look at their [stock chart.](https://pic8.co/sh/lOcaVv.png) It looks like the downward movement on Nov 3rd and 4th (circled red candles), is really trading inside of it's normal range. I wouldn't be surprised if the stock bounces off downward resistance at $24 and then shoots back up to upward resistance of $30 (orange line).
However longer term, I believe the stock will fall as cable subscriptions continue to decline and Trump supporters migrate towards alt-news sources.
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