$DIS or Disney is over extended
Updated
DIS is over extended. Waiting for the shift of momentum to change. On the Trendsi indicators, the money momentum (White Line) is over extended into the upper red band area, indicating an over extension. Being patience with the rest of the indicators to verify momentum. When the middle band shifts to red (indicating a bear market momentum), as well when a sell signal appears will let me know when Disney has shifted to a downward trend.Comment
Disney with a massive drop to 120 area just as Trendsi indicated.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.