DIS is consolidating in a wedge using 90 as its base. Technically its a long term bull flag. It could use this base as a support for further upward movement once it breaks out. I have alerts set on the upper wedge support line. I want to see lower and lower volume leading up to a high volume breakout.
Comment:
DIS looking really strong!! At this point, I am raising my stop limit higher and higher and will close at the break of whatever price action trend I can find. If we keep going steady over $115-120 I will cut and re-enter when it cools off.
Trade closed: target reached:
Closed all the way out with an adjusted 27% gain!!
Comment:
Will watch for consolidation and re-entry within a few weeks to months timeframe to confirm the next higher low for an uptrend!