Antonio_trader

Disney head and shoulders

NYSE:DIS   WALT DISNEY COMPANY (THE)
Recent spike in shares was due to the successful launch of the Disney streaming service. Now price forming a head and shoulders pattern with divergence.
Waiting for a better formed right shoulder to form for earlier entry and better risk-reward.

Good Luck!
Dec 12
Comment: If we start seeing profit taking as we approach the end of 2019, this could help this stock to fall.

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