DIS forming wedge before uptick
(1D candles)
Disney has been forming a wedge as their nightmare year continues. Besides all news going against them (writer strike, poor film performance), it has been consolidating nicely and it appears there is now light at the end of the tunnel.
I expect a large spike in price by the end of this year so keep an eye out for a cheap discount on DIS stock before a rally. Keep in mind the timeframe, I don't expect the stock to breakout until late October-November.
Disney has been forming a wedge as their nightmare year continues. Besides all news going against them (writer strike, poor film performance), it has been consolidating nicely and it appears there is now light at the end of the tunnel.
I expect a large spike in price by the end of this year so keep an eye out for a cheap discount on DIS stock before a rally. Keep in mind the timeframe, I don't expect the stock to breakout until late October-November.
Catatan
Keep an eye on support. If it breaks might be a good entry for puts.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.