Short on Walt Disney

٢٠ أغسطس ٢٠١٨

I spotted a good setup on the stock market, a textbook H&S on Walt Disney (DIS code on TV).
The way to do it, is waiting for the neckline to break around 112 before starting to short it. If we go up tomorrow we could take some more risk and short half the pos around 113. I would use a stop around 113.5.
If we do break the neckline and drop towards 110 and bouce up to retest the neckline, if we then start to drop again and break the 110 (purple cirkle) that we be the perfect spot to double the position or increase with 50%.
Target of this H&S is around 106.

٢٠ أغسطس ٢٠١٨

ملاحظة

The 113 was reached at opening and got pushed down right away, this is sometimes a signal. For the ones not able to get the 113 price, think the current price is still good to get in, but only with 50% like i mentioned above.

٢٠ أغسطس ٢٠١٨

ملاحظة

Increase Walt Disney only when the 11.8ish breaks (green box), ignore the chart on the right!

٢٠ أغسطس ٢٠١٨

ملاحظة

Walt seems to be dropping, close to breaking this triangle, but do not increase untill we break that green zone (ignore chart on the right)

٢١ أغسطس ٢٠١٨

ملاحظة

Because the US futures were higher at opening most opened higher today, stil Walt got dumped directly, no guarantee but thats a very good sign. Yesterday the same happened, higher opening and some sellers were immediately taking this chance to sell this stock. But still, do not ad until we break that 11.8/7

٢٥ أغسطس ٢٠١٨

ملاحظة

The update i posted half a day ago:

About Walt Disney, the neckline is still not really broken, since the 11.8/7 broke, your probably in 100% now if a normal pos, if you made it too big, maybe better to close half or use a stop just above 113. The markets are quite bullish at the moment.

٤ سبتمبر ٢٠١٨

ملاحظة

Think this time the break of the neckline is almost confirmed. Best case we see a small retest to around 11.5/8, rather not see it get above the 112. I gave the message ealier today that the ones who did not already increased, can still dot it but with a policy. Know what your doing and calculate the possible losses and stops.

٦ سبتمبر ٢٠١٨

ملاحظة

Looking good now, move stops towards that neckline. The ones who want to risk more can add around that purple circle. But don't just add blindly, try to judge it yourself. When you do add, adjusts stops as well.

١٠ سبتمبر ٢٠١٨

ملاحظة

DIS opened higher today but seems it got clear rejection from the former neckline of the H&S. That shows the pattern is valid because it's a confirmation of the resistance.

We do not want to see it get above that high we just made. So i would suggest use a stop around entry or around 112.