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TradingMula
Sep 6, 2014 6:44 AM

DIS Double Top?  Long

Walt Disney Company (The)NYSE

Description

Opportunity to Buy On Pullback After A Great Run
Comments
Will_Wong
Dang! The low here days ago was a 100% retracement wasn't it?
TradingMula
looked at my charts again... if price goes over 89.65 I think it's a buy. Otherwise, there may be more downside ahead
Will_Wong
Hit the 61.8% retracement as well.
TradingMula
looks ready to go higher now
Will_Wong
I like to see it close above $90.50 in the next couple of days before adding to my long position.
Will_Wong
It did bounce off the 50% FB retracement but didn't look very convincing. Hope it aint a dead cat bounce.
Will_Wong
Broken the long term bottom channel, broken the lower BB. Looks tired!
TradingMula
I'm swatching and waiting to see if it starts to bounce near the 50% retracement
Will_Wong
Looks like a triple top now.
Will_Wong
I think it bounced right off the 50 WMA which is a good sign for longs!
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