MSGS – Technical Setup + Long-Term Opportunity

23 May

Taking a swing long here on Madison Square Garden Sports Corp. (MSGS). Price just pulled back into the Ichimoku cloud with support at the base line, offering a high-probability bounce setup. Risk/reward looks solid at 3.82 with a target of $219–$223 and a tight stop near $183.

Why MSGS?

🎟️ Owns the Knicks & Rangers – both cash machines in a media-driven era.
🧾 Clean balance sheet, low debt, and real estate-backed value.
💰 No dividend, but serious potential for buybacks and long-term appreciation.
🧠 Analysts see hidden value in MSGS due to the brand/IP strength and optionality with sports media rights.
Indicators

MACD just crossed bearish, but price hasn't confirmed downside. Watching for bull divergence and recovery within the cloud.
Weekly support still holding; a reclaim of the $195 level confirms bullish continuation.
🧠 Thesis: If MSGS gets back above $200, momentum could drive it to $220+. Happy to hold as a value/growth hybrid anchored by real-world assets.

28 May

İşlem elle kapatılmış

Closing this trade. Still believe in this stock long term but see other options with higher potential sooner.