Fox Corp

FOX is in a Stage 2 advancing phase with clear higher highs and higher lows riding above rising short-term EMAs, confirming a bullish medium-term bias. However, price is extended above the 9- and 21-day EMAs with RSI approaching overbought, so execution is best deferred until a pullback into the rising EMA zone in line with the Free Cash Flow + Buybacks strategy.

• ↑Total revenues rose 27% YoY to $4.56B, driven by strong sports ad demand
• ↑Advertising revenue jumped 65%, led by $800M Super Bowl sales
• ↓Roku deal adds $8B debt, pro forma net leverage at 2.8x