$DIS TOP 20
Added 2024-07-13 18:05:54 +0000 UTC$DIS is managing to hold above the 0.618 Fib and the red trend line and it is in the sweet spot where long term investors and short term traders would consider adding here, the set up is very familiar to $TGT right now but the moving averages are more in $TGT's favour, as $DIS is below both MA's now and unless a reversal can come here soon, there is a possibility of a death cross, the earnings report will likely be out before this materialises.
The RSI is showing that the price is just hovering above the bottom limit at 30, where buyers have not stepped in yet but it further shows that this is looking very attractive here in the short term with a lot of runway to move higher without going overbought.
I think the risk off area to add here would be above the 0.5 Fib at $101 which would mean a hold above the 50 Day MA by the time the price gets there.
