Disney - Low risk trade

6 окт. 2020 г.

Disney has positioned itself for a test of its short-term resistance and long-term support.

With the new season of Mandalorian coming this month and an earnings release on 11/6/20 after the layoff of 28.000 employees, we could see some upside in the stock here.

Max upside here is 4-5%.

Max downside is 2%.

Note, if the market opens down and there is the opportunity to buy near $122, I will enter there and adjust the stop loss accordingly for 2%.

7 окт. 2020 г.

Заметка

Closed out with a small scalp profit before drop today. Trade is below the stop area and is now invalid.