Walt Disney Company (The)
Long
Updated

May the Bullish Engulfing Force be with You!

245
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What I see...
+ Bullish Engulfing candle
+ Prices were supported by the 50MA
+ Today's engulfed bar closed above the 10MA
+ Prices held its position despite lackluster earnings
+ RSI at 51 and rising
+ Bollinger Band is squeezed with prices hanging out towards the lower band
+ Price has been moving side way within channel
+ 10MA has just crossed up last week

- MACD is flat at zero
- Lower high formed this week compared to last week when last week had earnings

What I setup...
+ Long entry above today's high
- Stop at early April's low
+ Target is at high $140s...
:: Duration - months!
Trade active
Setup triggered; Long
Trade active
Moved Stop to BE

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