Price reached the upper trendline of the descending channel.
But I do realise the possibility for a higher timeframe trend reversal and the price to breakout from the descending channel and rally upwards. There is a potential for a move of about 49% if the next key inflection level is targeted.
But considering the overall valuation of the US market, I do...
As per trading set up, clear signals are coming from MACD and RSI, moving averages are in favour of the stock, so uptrend likely to start in the stock, looking goos for next six months.
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...
Hi,
Walt Disney Company has taken support at the lows of 2020 on weekly chart. A Bullish three candle pattern called Morning star is also visible on the weekly chart.
Yet to give the Breakout.
It is not a recommendation it is for education purpose only.
Elliott 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.
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 .
Love Friday’s daily candle and the fact that it bounced so strongly from that spot. Will be looking for either a dip towards 178 to scoop or if it wants to push off the open then I will look to join trend on dips.
In past couple of weeks DIS is showing side ways movement.
IDEA 1: Short term play - sell calls and puts 4 strikes beyond resistance & support respectively.
IDEA 2 : Mid term play - Play straddle @ 187.5 & 190
Both ideas are for educational purpose only. Use your own discretion.
