This is the weekly chart for $DIS.
In April '19, a huge volume spike propelled the stock out of its multi year trading range. It went on to trade as high as $153 a few months later, before falling back to its range.
Early last month, we see a similarly huge volume spike out of its trading range. Prices held, just like what it did back then; more importantly, the recent sell off in tech did not hit other industries as hard -- this is possibly a sign of sector rotation towards value stocks.
I have a small position in
DIS and am looking at a target of around $150
In April '19, a huge volume spike propelled the stock out of its multi year trading range. It went on to trade as high as $153 a few months later, before falling back to its range.
Early last month, we see a similarly huge volume spike out of its trading range. Prices held, just like what it did back then; more importantly, the recent sell off in tech did not hit other industries as hard -- this is possibly a sign of sector rotation towards value stocks.
I have a small position in
DIS and am looking at a target of around $150Dagangan aktif
Dagangan ditutup: hentian tercapai
This isn't acting well so I'm cutting losses
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.