Paradigm9

DIS Trend Trade: Unleash the Kraken

Long
Paradigm9 Updated   
NYSE:DIS   Walt Disney Company (The)
Disney, after announcing Disney+ and their outright intention to destroy overpriced, bubbly Netflix, has just breached ath's set back in 2015, gentlemen.

On word of the news, DIS broke out of a 1330 day range started in 2015 and broke out of all time highs. The people love it.

Looking for a solid entry maybe a couple of pips above the 120 level. Will sell 20 day lows. I also don't mind chasing this if it keeps the momo going. Stops at 2x 20 ATR.

Comment:

Gorgeous ascending triangle breakout as well.
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