DIS has a classic compression pattern as it works to overcome the extreme high, after a High Frequency Trader huge gap up. It was followed by Smaller Funds’ Volume Weighted Average Price automated orders, and ran up to an Exhaustion Dark Cloud Candlestick Pattern.
There's been another big deal developing ($29-30B) so I figured I'd post another arbitrage, in this case, 'risk arb' or Merger Arbitrage.
Fox needs to raise its offer of 10.75 pounds per share for the 61 percent of the British pay-TV company it doesn’t already own, in order to challenge Comcast’s 12.50 pounds per share bid. Comcast, which already won U.K....