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...
Namaste!
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...
Explained in a chart clearly.
An impulse wave was over with an ending diagonal. We may expect an impulse up side move.
But it may also give a little low .
