TradingView
ch241
Aug 14, 2018 3:01 AM

Disney: Short-term Trend Down, may become Bullish Short

Walt Disney Company (The)NYSE

Description

From the trend line data, we can see that Disney may appear to be bearish at the moment. However, we may see several buy in positions in the next few months. We have a heavy Support line (Support 1) from the 200 Moving Average (MA) coming in around 105.5, which could be a potential short trade to ~118. If the moving average does not hold, Support 2 may provide another potential buy in. However, if Support 2 does not hold, Disney may be in for a bearish run. Keep you guys updated! Safe trading!
More