Nov. 22 at 1:42 AM
$DIS trade plan:
Market Context: The last close for
$DIS was
$104.28, indicating a bearish sentiment as it is below the 30-day (MA30) and 50-day (MA50) moving averages, which are at
$110.45 and
$111.56 respectively. The RSI at 34.0 suggests that the stock is nearing oversold conditions, which could indicate a potential reversal.
Directional Bias: The stock is currently in a downtrend, trading closer to the 60-day low of
$102.5. However, the low RSI indicates that a bounce may occur soon, providing a short-term bullish opportunity.
Suggested Entry: Consider entering a long position around
$104.50, slightly above the last close to confirm upward momentum.
Stop: Set a stop loss at
$102.00, just below the 60-day low to limit potential losses.
Targets: Aim for a first target at
$110.00, near the MA30, and a second target at
$111.00, approaching the MA50.
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