SamSuka
The Long Investor
The Long Investor

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$DIS TOP 20

Right now has broken down from the wedge, many believed this was not possible after their earnings when it initially broke out of the wedge to the upside but we are into the bear case now and another reason why I did not start a position here.....however tempting it was.

I believe the deeper this goes, the more value you will get.

My Wave C target has never chanced and I have it set at $74 along the red trend line, like $PYPL, this is a likely spot to find support.

$DIS TOP 20

Comments

Thank you for the response!

Trader_MattPro

Staying below the wedge and blue line is bearish for me and my Wave C goes as low as $74

Gareth Neary

If you got in at $84.50 would you take the losses and get out now? Possibility of it reentering the descending wedge? Does the wedge become resistance now?

Trader_MattPro

Agreed

makis

wrecked

Gareth Neary

This got destroyed

makis


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