#DIS, another mayor US company on its way to recover the field lost on COVID19 crisis.
What it is amazing about this chart, is that it is creating a perfect theoretical bearish pennant. On the other side, PE ratio is indicating 40.30. #DISNEY is fundamentally overprice and validates a possible break down of the tendency.
MACD and RSI without a clear direction. Behavior and volume near first and second resistance will be crucial to confirm or invalidate this bearish pennant.
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