glennmercer
Short

Bearish on DIS Toward 93.25

NYSE:DIS   WALT DISNEY COMPANY (THE)
DIS is displaying bearish MACD divergence after a double top and a break of a 4 month long trendline . I am short on the retest of the trendline until the 93.25 area where a bullish bat could potentially be completed. SL is placed above .618AB with target above the completion of the bullish bat .
Trade active: Short active at 112.99
Comment: BAMM Trigger Line passed, so far so good!
Trade closed: target reached: Target achieved
Trade duration: 30 days
+$19.47/share (17%)
literally a perfect call. kudos. bravo.
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Thank you vm
Reply
What about the larger (blue) bat? After DIS hits 93++, is there any possibility of further drop to $80++ per the blue bat?
+1 Reply
Hi Will - yes, anything is possible. Here is a possible series of price movements coming up in upcoming weeks that could potentially get DIS down to the blue bat levels:
snapshot
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