Well I first started the initial position on DIS around the 110.00 area, And I've added more around the 96-100 area. I don't really care about candlestick
formations on this one, all I care about that it fell below the 200 Moving Average which is a screaming buy to me regardless of any candlestick
formations. Buy volume
supports the moves in DIS so I'm comfortable adding. First target is the high around the 120-122 area. Yes, I'm aware about the downgrades this stock has had, but to me and many others its a no brainer to add into DIS on down days like the ones we just experienced.
This is off topic but another stock I had my eye on but never entered due to adding into this position is DHI
. Stock fell down to support then was bid strongly. Worth a check for any looking for good plays.
Cheers and good luck to all =)
Do note: I will be reconsidering the position if we break 90.00 to the downside.