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ChiranjeevChhabra
Dec 1, 2019 8:18 PM

WALT DISNEY Short

Walt Disney Company (The)NYSE

Description

At 1 hr chart we see few weakness
1. We see divergence in RSI compared to price , Price is making higher Highs , However its not the case of RSI
2. Price is not at the peak and we have have already seen some rejection after price has crossed 150 mark ( still strong )
3. We will wait for break up short term trend line and see if price rejects 150 level again
4. We might see price to touch to 140 before it shoots back up
Comments
TheKitchenTrader
Ugly gap to fill from April as well.
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