Disney's stock has maintained strong support levels in the past 10 weeks
This chart shows the weekly candle chart of Disney stocks from the end of 2019 to the present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, Disney's stock has maintained strong support levels in the past 10 weeks, with inter...
On the chart we can see that the price broke down of the rising channel. It looks like the upsloping support has already failed, therefore we expect that the price go lower.
You can enter the short position now as the support failed.
Target is shown on the chart.
Invalidation of this thesis would be if the price comes back above upsloping support line.
