Wait and grab your perfect Disney long position!

Walt Disney is still in a downtrend and moving towards 129,90 which is a massive support. As you can see as well, the candle bounced against 0.5 fibonacci resistance, which indicates the downtrend it still going on. I would highly advise you to put Disney on your watchlist and maybe set an alert for 129,90 support line. If it breaks out of its downtrend earlier, go grab a position. If it doesn't, wait until the massive support. It will most likely bounce off again as it already did on the 13th and 29th of May 2019. Disney is a very good and must have stock in your portfolio. So, just wait a little while and grab your chances! Leave your thoughts and feedback in the comments!

Comment:

The green line is the support line for 129,90.