DISNEY WDP on a Long term Support !Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Falling Wedge
📌 Symbol/Asset: WDP DISNEY
🔍 Description: Stock is around long term support.
Stock might not come around the same level again .
Stock is also making falling wedge in a downside rally, so we can see huge momentum after falling wedge breakout !!
We can expect minimum 200-400% returns in coming years !!
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Disney
Investment_ Disney_ Walt Disney CompanyNamaste!
Walt Disney is the biggest media company by market cap in the world. It has multiplied around 70 times (to date) since the IPO.
Talking around the current scenario, it had acquired Marvel for 4 billion dollars a decade ago which made 18 billion dollars to Disney. The point here is that it is taking good management decisions to adapt to changing business environments and killing the competition by acquiring them. And OTT platforms will be the future. TVs are a day of the past. They (OTT) platforms will charge a fees for almost every movie if not all in the coming decade. It will make them a lot of profit.
So, it is a good investment opportunity for Disney at current prices. The main reasons are following.
1. It has corrected >50% from all time highs. Buying after a correction is always a good idea, which has so much potential to maximize your returns in the long run.
2. If you look at the charts, you may notice that it is kind of creating a higher swing low, which is a good bullish indication. Value for money stocks tend to not easily fall in bear market or weak economy cycles.
3. OTT platforms are the future, where I think every movie will be charged money to be watched, making these OTT platforms a lot of money. This is my thinking please comment your idea.
3. Disney has been releasing the content, which is almost watchable with our families. Which is quite good because they are almost having audience of all the age groups. It's content is enjoyable from the age group of 10-60 years, in my opinion.
Investment at current prices is a good opportunity since the stock very rarely corrects below 55-60%.
Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment does not guarantee a fixed return due to volatile nature of markets and may result in a loss. Please do your analysis and/or consult your financial advisor before investing.
a new post with minot update in DisneyElliott Wave Analysis.
The 5the wave was not truncated it was just turned into an flat correction. A small low till $75-$77 is expected before a bounce back.
This entire fall was indicating the 2nd Wave of the entire previous impulse 1st Wave.
once the fall was over then there will be a good impulse.
Your comments are most welcomed.