n.c_trader
Long

Disney - nice uptrend

BATS:DIS   DISNEY WALT CO
260 30 3
Disney is trading in a uptrend since 2009, and now is a nice time to join it.
Price tested a suport zone and also a bullish trend line .
Price makes also 2 bullish pin bar in last 2 days.
I believe price will continue move up in next weeks/months.

Fantastic shot!!
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Excellent call
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Huge volume
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thanks
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Nice call
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Disney breaks 77$ resistence and made historic hights!
Disney have now space to continue going up
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Does the candlesticks from the past few days look like those from 5/13-15/2013 though? Spinning tops and declining volumes.Maybe time to take some profit off the table?
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n.c_trader Will Wong
Hi Will Wong, at this moment, Disney have a nice suport at 76,6$ level, in my opinion will only must take some profit it price brokes down this suport level.
While price is trading above 76,6$ suport level it have space to continue going up.

Sorry for bad English.
Chers from Portugal

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Looks like you are right. This morning JP Morgan included DIS as one if its 7 best consumer stocks and DIS shot up. Thanks for chart. All the best! How is weather in Portugal. It is cold here in the States.
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n.c_trader Will Wong
Sorry only see your comment today!
In Portugal is also cold.

Be careful, possible correction soon on disney!
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Will Wong n.c_trader
Yup! Inverted hammer yesterday and a possible spinning top today!
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I think DIS may test the support at $76. Took some profits off the table yesterday and maybe buy some back if $76 holds.
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n.c_trader Will Wong
I also did it, waiting for a pullback to entry again.
Let's wait
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We could be wrong. Today painted a spinning top which means the bears and the bulls are cancelling each other. Basically indecision. The SPX is painting a double top. Next week could see a correction. RSI for DIS is high but not overbought yet. Let's wait.
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If it closed above $80, it should be bullish!
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n.c_trader Will Wong
Yes probably it made a very small pullback and continue going up
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Will Wong n.c_trader
Yesterday it was forming a triangle. At the close, the triangle seems to be breaking out in a rally. This morning it was confirmed. Debating whether to take more profit at $80!
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Will Wong n.c_trader
RSI is getting up there as well. Entering overbought status. Gut feelings say to hold on to what we have but not to add.
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Will Wong n.c_trader
Sold one more tranche. Still holding one last tranche.
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n.c_trader Will Wong
Hi will Wong.
Tomorrow i will post some new great trading ideas for you. I think i have some stocks in my watch list that you may like them.
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Will Wong n.c_trader
Thanks!
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Will Wong n.c_trader
Do you watch any mining stocks like GDX, GDXJ, NUGT, JNUG?
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Looks like another small correction. Tomorrow or Thursday could see the rally continuing or a deeper correction.
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After a couple of days of consolidation, we get a piercing candle pattern which is bullish.
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n.c_trader Will Wong
I also think it will continue moving up.
4h chart look interesting, it have a nice bullish hammer
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Will Wong n.c_trader
Agree. Still holding one more tranche of shares.
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Monday is going to be very critical. Today it gapped up. If on Monday, it gap down and stay down, then we would have an abandoned baby candlestick pattern which is bearish. Be careful! Have a great weekend.
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Another all time high hit today at $82.17.
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Bearish Engulfing pattern. Took some profits off the table. Don't care to be too long over the weekend.
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wow, nice call!
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