DIS - Upward channel or Rising wedge breakdown short from $108.5
DIS was going higher within an upward channel or rising wedge formation. It seems broken down the pattern, retested the broken support and getting ready to rollover. It would be a good short, If it breaks below 50 day MA, and for trade we would consider $110 May-17 Puts
* Trade Criteria *
Date First Found- February 23, 2017
Pattern/Why- Upward channel or Rising wedge breakdown
Entry Target Criteria- Break of $108.50 and MA-50
Option - $110 May-17 Puts
Exit Target Criteria- $104.13 & lower
Stop Loss Criteria- $111.07
Please check back for Trade updates. (Note: Trade update is little delayed here.)
* Trade Criteria *
Date First Found- February 23, 2017
Pattern/Why- Upward channel or Rising wedge breakdown
Entry Target Criteria- Break of $108.50 and MA-50
Option - $110 May-17 Puts
Exit Target Criteria- $104.13 & lower
Stop Loss Criteria- $111.07
Please check back for Trade updates. (Note: Trade update is little delayed here.)
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