DIS: Complete Multiple Time Frame Analysis (H, D and W charts).

Hello traders and investors! Let’s see how DIS is doing today, and do a complete Multiple Time Frame Analysis (H, D and W charts)!

First, in the 1h chart, it reacted nicely at the 61.8% Fibonacci’s Retracement, and now it is going up nicely. It is interesting to notice that when it crashed last week, it just hit the previous support at $ 140, and bounced back up quickly.

All of this tells me that DIS wants to engage in a bull trend soon. For now, I would say it is trendless, but we do have some bullish signs around. However, it must lose the 61.8% retracement, otherwise, it could drop all the way down to $ 140 again.

To me, the most important key point is the previous resistance at $ 150, as this is a pivot point seen in the daily chart:


This would be the first pivot point in many months, since DIS started its bear trend, and this could be the beginning of a mid-term reversal, at least. DIS is trendless in the daily chart too, but there are two open gaps (red dashed lines), and if it reverses, they will become targets.


In the weekly chart, I like the fact it is reacting near a support level, but here we see a clear bear trend, as it is doing lower highs/lows and it is below the 21 ema.

Coincidence or not, the 21 ema in the weekly chart ($ 154) is quite close to the pivot point in the daily chart ($ 150), making this point an important resistance.

Let’s see if DIS will trigger its key points or not. Either way, I’ll keep you guys updated, so remember to follow me to not miss any of my future analyses!