swing_trader42

DIS bottom of the sideways channel

Long
NYSE:DIS   Walt Disney Company (The)
1
DIS is at the bottom of the sideways channel and hugging 50 SMA. Should be a long on any dips closer to 95 with a stop at 95. Probably a good candidate for a short butterfly call spread 90/95/100 when IV goes a little higher.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.