{"id":41083,"date":"2013-08-16T12:25:08","date_gmt":"2013-08-16T16:25:08","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=41083"},"modified":"2013-08-16T12:25:08","modified_gmt":"2013-08-16T16:25:08","slug":"one-step-closer-to-a-fall-from-the-skies-for-walt-disney-co","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/08\/16\/one-step-closer-to-a-fall-from-the-skies-for-walt-disney-co\/","title":{"rendered":"One step closer to a Fall from the Skies for Walt Disney Co."},"content":{"rendered":"<p>Article by <a href=\"http:\/\/investazor.com\/\" target=\"blank\"><u>Investazor.com<\/u><\/a><\/p>\n<p><a href=\"http:\/\/investazor.com\/wp-content\/uploads\/2013\/08\/disney-double-top-16.08.2013.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1522\" alt=\"disney-one-step-closer-to-a-fall-16.08.2013\" src=\"http:\/\/investazor.com\/wp-content\/uploads\/2013\/08\/disney-one-step-closer-to-a-fall-16.08.2013.png\" width=\"645\" height=\"331\" \/><\/a><\/p>\n<p>Chart: DIS, Daily<\/p>\n<p>Remember our analysis <a title=\"3 Stocks you Should keep an Eye on\" href=\"http:\/\/investazor.com\/2013\/08\/09\/3-stocks-you-should-keep-an-eye-on\/\">3 Stocks you Should keep an Eye on<\/a>? Well, the price of Walt Disney shares have dropped from 68$. After a consolidation in a symmetrical triangle, the pressure started to turn on the down side. The lower line of the triangle couldn&#8217;t stop the fall of the price and now it is found at a key support, 61.69$.<\/p>\n<p>The price pattern is looking now as a Double Top. A daily close under the base line of the pattern would confirm a breakout and might trigger a fall of almost 10 percent. The target of the price pattern is the projection of the height of the Double Bottom from the base line. The price target is 56.00$, but it could get even lower touching 53.38$ per share, which is an important support level, tested in September 2012 and February 2013.<\/p>\n<p>This fall is also signaled by the big divergence drawn on the 28 days RSI, but it is dangerous to sell short the stocks right at this moment. Waiting for a close under 61.70 would be the smartest thing to do. Having the confirmation investors could sell short the stock with their broker, speculate on <a title=\"CFD Trading \u2013 Top 8 Questions and Answers About\" href=\"http:\/\/investazor.com\/2013\/08\/08\/cfd-trading-top-8-questions-answerd\/\">CFD<\/a>s or even buy a put option with 3 months ahead strike price.<\/p>\n<p>The post <a href=\"http:\/\/investazor.com\/2013\/08\/16\/one-step-closer-to-a-fall-from-the-skies-for-walt-disney-co\/\">One step closer to a Fall from the Skies for Walt Disney Co.<\/a> appeared first on <a href=\"http:\/\/investazor.com\">investazor.com<\/a>.<\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/Investazor?a=naLB0i_rBjM:1uPbcie3vPs:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/Investazor?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/Investazor\/~4\/naLB0i_rBjM\" height=\"1\" width=\"1\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by Investazor.com Chart: DIS, Daily Remember our analysis 3 Stocks you Should keep an Eye on? Well, the price of Walt Disney shares have dropped from 68$. After a consolidation in a symmetrical triangle, the pressure started to turn on the down side. The lower line of the triangle couldn&#8217;t stop the fall of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/08\/16\/one-step-closer-to-a-fall-from-the-skies-for-walt-disney-co\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;One step closer to a Fall from the Skies for Walt Disney Co.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-41083","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/41083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=41083"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/41083\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=41083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=41083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=41083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}