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RedHotStocks
Jan 13, 2020 10:55 PM

Disney investors are cashing in. Short

Walt Disney Company (The)NYSE

Description

Disney has lost its mojo and the stock is looking vulnerable to a sustained pullback.
The 7&12 moving averages have had a bearish cross below the 26 MA.
RSI dropping.
MACD getting close to crossing below zero line.
Histogram ticking red and lower.
Comments
turtle399
Well I didn't see that coming!
datagrime
@turtle399, Break above 146 and this play is fd.
turtle399
Is it possible DIS could bounce if support holds tomorrow?
uzi1215
@turtle399, unless we see a spike in volume more than likely another red day. my fingers are crossed that looking at the stoch part of his posted chart it looks like it might be a patterned "bullish" day so if theres an influx of volume like 12m+ then maybe just maybe we regain a dollar or at least hold out another day where it is. Happy for either, expecting neither
Saeed966
Good job
Saeed966
Thanks
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