Walt Disney potential head and shoulders

6 сент. 2019 г.

Looking at the chart, technical setup shows divergence and a right shoulder forming right now, could be great for next week to short it on Monday. A lot rides on Powell tonight, non-farm data was quite negative. This could be a good trade to short at least until the gap is closed. Also seems like the 5th wave is finishing here. So we could see a corrective wave A now.

Walt Disney is a massive giant with 251.16B market cap. Recent spike was due to launch of its online streaming service. Most banks and funds expect the price to reach $160 before potential reversal.

Good Luck!