I’ve written about DIS 0.00%↑ a few times, as it’s one of those names I’ve just been accustomed to follow and feel as though I have a good grasp of its price action.
This was the most recent iteration from September -
https://732charts.substack.com/p/theres-a-trade-coming-in-disney
The movement since has been down, culminating in the recent announcement that Nelson Peltz has been buying shares and is seeking board representation.
This may be “cute” but I’m getting tactical given the new information, playing this break today with the tightest of stops. I’m out below that December low near $84.10, looking to see if this one can’t make a quick move towards the AVWAP or gap range depicted above.