Harvitz

Disney Double Top forming

Short
NYSE:DIS   Walt Disney Company (The)
Disney is currently at previous levels of resistance and no coming news to push it higher. I can see it pulling back to 105 support before moving higher into earnings with RSI showing the stock is overbought. Easy 2-3 week short. Obviously if Disney pushes above this current level the double top would be void and trade would be invalidated.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.