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holeyprofit
29. Aug. 2021 21:09

DIS resistance and possible rejection off 161 fib level Short

Walt Disney Company (The)NYSE

Beschreibung

Through the parabolic rally of 2021 DIS has now reached the 161 level of the March drop. This often becomes a critical inflection point. If broken, it can be a strong indicator of a bull trend but if the price rejects away from a 161 (Or makes a small false breakout that fails and breaks back under the 161) this is often one of the earliest warning signs of a trend faltering.
Kommentare
kaazooyiitrade
u telling me DIS is going fall back down to 100$ a share?
holeyprofit
@kaazooyiitrade, I'm telling you that's the trade I am positioning for.
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