Walt Disney Company (The)Updated Disney - Low risk trade
Disney has positioned itself for a test of its short-term resistance and long-term support.
With the new season of Mandalorian coming this month and an earnings release on 11/6/20 after the layoff of 28.000 employees, we could see some upside in the stock here.
Max upside here is 4-5%.
Max downside is 2%.
Note, if the market opens down and there is the opportunity to buy near $122, I will enter there and adjust the stop loss accordingly for 2%.
With the new season of Mandalorian coming this month and an earnings release on 11/6/20 after the layoff of 28.000 employees, we could see some upside in the stock here.
Max upside here is 4-5%.
Max downside is 2%.
Note, if the market opens down and there is the opportunity to buy near $122, I will enter there and adjust the stop loss accordingly for 2%.
Note
Closed out with a small scalp profit before drop today. Trade is below the stop area and is now invalid.
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Disclaimer
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Join The Spekre ACS Creator Pool and gain access to exclusive trading indicators, copy trading, exclusive content, and more tools in the future! Link: hub.accessprotocol.co/creators/J8TpW6cypxheFUYjWn4mxS6ExvBEMxyMiRvrf43Nhnvy
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.