Trading idea for Disney Walt Co. (NYSE)

#DIS

The general trend is downtrending. The ascending truncated wave structure ended with the breakdown of the inclined channel. The Awesome Oscillator indicator has a bearish divergence, and the Stochastic Oscillator indicator signals overbought.

Trading idea:

Sell on the formation of a downward wave pattern.

Stop-loss: 106.80.

Target levels: 100.30; 93.35.