DISCK is positioned for a contrarian breakdown

DISCK is positioned for a contrarian breakdown
Based on the above analysis in DISCK, traders should verify that their portfolio can handle increased risk from an additional position. Also ensure that DISCK improves diversification in your current portfolio. Lastly, clever traders check how a new position matches up with not just their account, but the previaling market action as well. For example, take a look at the S&P 500. Is it moving to the upside or downside? Has it recently broken a key ceiling or floor? Be sure to line up your trading actions on DISCK with the trend in the overall market.
Right now the proprietary sentiment levels, calculated by Traders For Wealth, indicate an suprisingly positive bias toward DISCK. However, the price action in DISCK has been moving down contrary to the sentiment. This could be a strong sign of an impending contrarian breakdown. Traders should view this as a bearish position and make sure it is confirmed by overall market action, and in line with their current portfolio.