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Walt Disney Company (The)
Short

Bearish on DIS Toward 93.25

By glennmercer
Updated
DIS is displaying bearish MACD divergence after a double top and a break of a 4 month long trendline. I am short on the retest of the trendline until the 93.25 area where a bullish bat could potentially be completed. SL is placed above .618AB with target above the completion of the bullish bat.
Trade active
Short active at 112.99
Note
BAMM Trigger Line passed, so far so good!
Trade closed: target reached
Target achieved
Trade duration: 30 days
+19.47/share (17%)
Bearish PatternsDISdisneyDivergenceMoving Average Convergence / Divergence (MACD)macddivergenceretestStocksTrend Linesusstocks
glennmercer
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