Bottom Formation with Dark Pool Buy Zones: DIS
DIS reports earnings next week and is attempting to complete the bottom formation that started last summer. The stock must now sustain above the bottom completion level at $95. Even though the market is over-speculating many index components, this stock is more likely to have sideways trends or platforms if the price holds above the new support level to complete its bottom.
Dark Pool buy zones are evident within the bottom formation, providing fundamental and technical support.
Martha Stokes, CMT
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