Shared by
Philo_Bedo
Initially looking to take up long position to capitalize on upcoming "Endgame" and recent "Capt Marvel" Thursday morning. At open, DIS gapped up. News out to compete against NETFLIX with new video streaming. Sentiment, news, and fundamentals seems bullish. Yet, T/A does not confirm this sentiment clearly:
+2: 50D MA crossed 128D, trending to cross 200D for a revert to normal MA position.
-1: Currently close to resistance at 115. Closed at 114.72.
-2: RSI at oversold level (70.51)
-2: Thursday's rally too steep. Don't think it can be sustained for long.
+2: Positive sentiment and news. IMO, "Endgame" will be biggest grossing movie EVER.
-1 Total. Not definitive, but I think move down will be hard, due to steep rally. If it breaks 114.03, no support until 113.04. Gapped up from 112.64 at Thursday open.
Short at 114.80 to 114.03 to 113.04
Long at 115.00 if definitive move.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-04-05 08:32:45 | APR18 19 116 CALL | buy | $1.730 | long |
| 2019-04-09 08:49:31 | APR18 19 116 CALL | sell | $2.320 | 0 |
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