bertolinitrading
Short

MA crossover has me short this rally

NYSE:DIS   DISNEY WALT CO
The 10,20,30 moving average crossover (circled) and current price still below the 200 EMA (thick red line) on the daily has me short term bearish . Mixed longer term since Disney is been a beast on the weekly chart (not shown). But on the daily chart this is a nice rally to sell hitting the 10 MA today maybe the flat to lower 200 EMA later for more selling.

If it is in for a re-test of Monday's low in the coming weeks then, personally, my position is buying some OCT             105 Puts, risking debit paid. RSI and MACD need to continue lower to confirm this bias.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out