Disney 1 hour chart MA lines have just turn all uptrend
DISNEY (1-hour chart) had higher lows on 21 Dec compared with 1 Dec, with SMA20, SMA60 and SMA120 moving uptrend indicating a possible bottoming up and reversal.
1D chart showing RSI divergence in Nov resulting in the lowest low of 142 on 1 Dec.
1H chart showing overbought signal now. Wait a while to enter a trade when the price retracted.
Buy @ 151
Stop loss @ 146
Profit @ 169
Profit to loss ratio 3.2
1D chart showing RSI divergence in Nov resulting in the lowest low of 142 on 1 Dec.
1H chart showing overbought signal now. Wait a while to enter a trade when the price retracted.
Buy @ 151
Stop loss @ 146
Profit @ 169
Profit to loss ratio 3.2