BY LICIA LESLIE
June 16, 2024
Hi Shoppers,
Friday’s price action in Disney (Ticker: DIS) may have created the change in trend candle doji:
Sometimes the smallest doji packs the biggest punch.
Now I say possible doji because we need the confirmation tomorrow morning of $DIS opening and trading higher before hopping into any calls.
Also, the low on Friday completely closes that gap created back on February 8th.
Looking at the calls:
The Jun28 100 calls seem fairly priced.
If $DIS trades higher, resistance comes in at the 21 day moving average at $102, but a breakout beyond that, $107 could be in the cards.
I repeat wait for a higher opening and trade tomorrow morning for at least an hour.
Trade Review
Cleanspark (Ticker: CLSK) rallied but then closed down a tad. I am in the 18/21 call spread in the Jul5 expiration cycle. I am using a close below $17.50 as my stop loss.
Thanks for Reading … See You Next Tuesday,
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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