Good morning fellow Investors, today we are taking a look at
DIS
Disney was one of the companies that took heavy losses in the crash of last march.
Despite the fact that Disney is still struggling with the past, the stock saw respectable growth.
Neverthless from top to bottom we already gained 50% and now are setting up for a corrective Wave 2, which will bring us down to 115$-105$.
Everyone who missed out on the past opportunities will get a chance to buy cheap positions in the green range marked on the chart.
My expectations for upcoming weeks are the following scenarios.
Primary scenario: Likelyhood 65%
We will correct to atleast 115$ and then start a impressive uptrend, the following Wave will be a big wave 3.
Alternative Scenario: Likelyhood: 35%
If the correction should bring us below the mark of 105$ it will be very likely that we see prices in the range of 102$-95$.
Beware that i don't have any open long positions, i will wait for a solid bullish impulse and then announce my entries!
===================================================================================================================
If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
DIS
Disney was one of the companies that took heavy losses in the crash of last march.
Despite the fact that Disney is still struggling with the past, the stock saw respectable growth.
Neverthless from top to bottom we already gained 50% and now are setting up for a corrective Wave 2, which will bring us down to 115$-105$.
Everyone who missed out on the past opportunities will get a chance to buy cheap positions in the green range marked on the chart.
My expectations for upcoming weeks are the following scenarios.
Primary scenario: Likelyhood 65%
We will correct to atleast 115$ and then start a impressive uptrend, the following Wave will be a big wave 3.
Alternative Scenario: Likelyhood: 35%
If the correction should bring us below the mark of 105$ it will be very likely that we see prices in the range of 102$-95$.
Beware that i don't have any open long positions, i will wait for a solid bullish impulse and then announce my entries!
===================================================================================================================
If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.