I normally do not use hourly charts to trade, but I like them to give more detail on daily charts. You can see two instances of bullish divergence. Yellow lines show lower high in price while stochastic %K and RSI moved higher. Pink lines show lower low in price while %K moved higher. I have opened a small position of 3/20 expiry 110 call. Ideally I would like for stock to be closer to 100, but a bounce up could happen overnight. If stock drops lower I think buyers will step in soon. See WEEKLY chart and note stock is close to support line.
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in the last hour yesterday when stocks were dropping, DIS stock had buyers coming in. See 5-15min chart volume, So if stock goes down today with market, it may also recover quickly, and yet it may not. This is why small position size is so important, especially when holding options overnight for short term swing trades. Also while divergence usually occurs before a change in trend, the RSI is a stronger, more reliable indicator, when combined with an upsloping 20 SMA (for stock price to move up)
@RobFlorio, I bought calls expiring next week, so I meant to hold this position overnight to benefit from a general market bounce. I see futures tanking right now and this is why using less capital (small position size) matters. Please see my updated comment on the trade. Thank you.