DIS Long
DIS is forming a Bullish wedge and will soon to break.
200 MA is at 172.00 range and will be strong support.
Would be an EWT Wave 3 on a weekly view if it breaks up.
Entry level near $175.19 or $172.25
Stop Loss: $170.30
Upside Target # 1 (Resistance): $182.99 (Risk/Reward 5.5X, dollars at risk 2K)
Upside Target #2 (1.6 Fib): $253.08 (Risk/Reward 41X ; dollars at risk 2K)
$2,000 at risk on a 176K purchase
If 170 breaks, fill the gap at $130 target. Actually 2 gaps below.
Alternatively buy DIS 178 Calls time interval based on pivots and VOL
https://www.tradingview.com/chart/HWpjN73l/
tradingview.com/chart/SWxdDKNN/
200 MA is at 172.00 range and will be strong support.
Would be an EWT Wave 3 on a weekly view if it breaks up.
Entry level near $175.19 or $172.25
Stop Loss: $170.30
Upside Target # 1 (Resistance): $182.99 (Risk/Reward 5.5X, dollars at risk 2K)
Upside Target #2 (1.6 Fib): $253.08 (Risk/Reward 41X ; dollars at risk 2K)
$2,000 at risk on a 176K purchase
If 170 breaks, fill the gap at $130 target. Actually 2 gaps below.
Alternatively buy DIS 178 Calls time interval based on pivots and VOL
https://www.tradingview.com/chart/HWpjN73l/
tradingview.com/chart/SWxdDKNN/
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.
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.