Entertaining a comeback story? Warner Brothers may be starting a new uptrend

Warner Bros. Discovery, Inc. (ticker WBD) is a premier global media and entertainment company, which engages in the provision of a differentiated portfolio of content, brands, and franchises across television, film, streaming, and gaming. It operates through the following segments: Studios, Networks, Direct-to-Consumer (DTC), and Corporate.

WBD has sold-off pretty hard over the last several months and some analysts think it may be oversold. It is worth researching at these levels especially now that we see the technical indicators showing upward price and volume pressure starting to establish an uptrend.

As always, this is not financial advice. Do your own research before investing.