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simplenothing
Aug 4, 2020 2:32 PM

DIS Hourly (looks good before earnings) Long

Walt Disney Company (The)NYSE

Description

DIS earning coming up. I like this hourly chart. Hoping for move above trend line.

Bad earnings obviously will invalidate the technicals, but good earnings will hopefully amplify the current momentum.

Trade closed: target reached

went ahead and sold after hours on earnings spike at 122.5. the daily 200ma is at 124.25, so might be resistance there.

Comment

As usual, i tend to exit too early. DIS up to 130 by 10AM.
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