WALT DISNEY Swing oppurtinity
DIS stock face a new swing opportunity in its level. The stock has a gap that not filled that created with high volume. The stock also in its contraction of volatility phase since its hit a resistance two time with each one of them its create a higher support. There is a good probability that the stock will break this resistance and move higher until it reach 153.5 $. Especially with S&P 500 index moving higher. So the trading opportunity can be described as following:
1- Buying Now with market price which is almost 132 $.
2- Stop loss can be put at the start of gap price which is 122.8 $
3- Taking profit can be either at 153.4 , or trader can protect her profit once price reached 153 $ and keep the stock move in higher levels.
Good luck.
1- Buying Now with market price which is almost 132 $.
2- Stop loss can be put at the start of gap price which is 122.8 $
3- Taking profit can be either at 153.4 , or trader can protect her profit once price reached 153 $ and keep the stock move in higher levels.
Good luck.
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