News Corp has been in a choppy correction throughout 2018. Looking at the weekly chart, we can see that this correction is in the context of the 2017 bullish run from a low around $12 to a higher just above $17.50. Recently, we noted that the current "wedge" pattern still has downside, but NWS should see support in the $14.90-$15.00 area. NWS Daily Chart(click to enlarge)Support Factors:- There are 2 basic reasons why I think $14.90-15.00 will provide support. - But even before the reasons, I should note that I am looking for support because the 2017 price action established a bullish outlook.1) $14.90-$15 involves a previous resistance pivot and a rising trendline. 2) The RSI is approaching 40, and if the overall trend is indeed still bullish, it should turn up soon.- I think we can give it some elbow space, like to $14.50. - A break below $14 however would prompt reassessment, and consideration of a bearish outlook.