DIS at an interesting juncture
Updated
Consolidating for the last few weeks in an increasingly tight range between the weekly 20 (yellow) and 50 (green) moving averages.
Bullish on an upside break and flip of the 50 as support
Bearish on a break of the 20 and retest as new resistance.
Note this is all occurring in a weekly timeframe inverse head and shoulders [bullish]. I am inclined to lean in to a bullish bias.
No position yet but I'll be looking to start a swing trading position at the 20 weekly moving average (low to mid 98s) this week with a stop loss at 97.
Position to be posted upon entry.
Have a great week.
Bullish on an upside break and flip of the 50 as support
Bearish on a break of the 20 and retest as new resistance.
Note this is all occurring in a weekly timeframe inverse head and shoulders [bullish]. I am inclined to lean in to a bullish bias.
No position yet but I'll be looking to start a swing trading position at the 20 weekly moving average (low to mid 98s) this week with a stop loss at 97.
Position to be posted upon entry.
Have a great week.
Trade active
Entry: 98.76. Shares only.Trade closed: stop reached
Stopped out for a small loss @97.75. Staying away for now as it lost both the 20 and 50 day support.
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