DIS formed a mini-double bottom @ 129 and a bullish divergence became apparent between price and RSI. Note that a bullish divergence usually signal an imminent Short- (not Long-) Term trend change, i.e., any rebound from this divergence could be short lived.
Bottom fishing here with initial stop loss just below this mini-double bottom. Should the rebound be sustainable, watch out for trendline resistance on the way up (150-155).
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.
Bottom fishing here with initial stop loss just below this mini-double bottom. Should the rebound be sustainable, watch out for trendline resistance on the way up (150-155).
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Please your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you.