So far, GM has carved a "cup of coffee" pattern with a "handle" being the latter what the price is drawing right now.
On one hand, one could try to take advantage of it by buying the stock in the lower trendline of the channel and selling it in the upper line (1). On the other hand, one could wait for the price to close above the channel and target the projection...
DIS (Disney) is trading inside what most technical analysts would call a "symmetrical" triangle.
Only 2 things might happen with this figure. Either price breaks it (1) or market keeps price trading within (2).
(1) Favours long-term traders and hence, more conservative. For this to take place, just wait for the price to close higher/lower than the last max. and...
At this moment, the most likely outcome is to reach 50 which is also aligned with a fibonacci resistence level obtained in a monthly time frame chart. The final target is the projection of the technical figure, in this case, 54.71 but given the strong resistence mentioned we could reduce our exposition at that level.The stop loss could be between 39.09 - 38.98...
