CFD Trading – Buy Walt Disney Company (DIS.NYS) @ $100.80. Stop @ $96.20 and Target @ $118.20.

The Walt Disney Stock Code DIS.NYS

Outlook

Price reached a high of $118.18 on 9 February 2023 and went into a correction. The decline was halted by the cloud, keeping the uptrend intact. Price broke above the cloud in the previous trading session, hinting at a resumption of bullish price trend. Lagging Span is below price of 26 days ago but is above the cloud. MACD is bearish at the moment but could be about to turn bullish soon. If price can stay above the cloud, it could be heading towards the previous high at $118.20.

Strategy                  

$100.80              Buy

$118.20              Price Target

$96.20                Risk Management Stop

3 weeks              Trade Duration

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