SEEMS TO ME THAT THERE IS A POSSIBILITY THAT DISNEY STOCKS MIGHT BOUNCE OF THE 50.0% SUPPORT AND HEAD UP TO THE TARGET AREAS OF 88.6%, 100%, AND 128%.
DIS trading below major moving averages and looking for 100 to find support.
seems to finding support at the 200 MA line with momentum slowing down towards the bear side + a bull falling wedge pattern, a swing trade w/ low risk
Found support and at 200D. Go Long. Small position.
This is just random stuff im looking at
1- Currently in wave 2 of 3 ( or 3 of and Ending Diagonal)
2- Support at 38% Fib Retracement.
3- Bullish Candlestick pattern on daily.
4- Stochastic Oversold.
Buy at current price
The double top is marked with the small blue lines.
Previous Counts violated EW Rules. This count makes more sense. DIS has lagged the general market. Concerns with ESPN continues to linger. No longer Bullish!
#28 - DIS Jun 110/111 BCS
see setup on chart
Hafway of bearish bat PO
DIS - Inside bar Weekly