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Trading Idea for Disney Walt Co. (NYSE)

#DIS

The overall trend is upward. Bears are testing the price pivot zone of 181.50. The descending wave pattern is truncated, and a bullish divergence has formed on Awesome Oscillator.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern.

Stop loss under the price pivot zone of 181.50.

Target: 200.00.

Author: GC
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