Disney is another stock that not only sports a nice Elliott pattern, and in this case a simple ZigZag, but also seems to tell us that current bearishness in the stock market could be over opening the door for a nice rally as the next move of consequence.
It appears the huge advance from the 2009 low needs at least another upleg before being completed. From recent high Disney came down in two equal waves to give us a nice ZigZag that stopped right at the 38.2% of what we label as being a third wave bolstering our confidence in our view.
Laterly we published other stocks that have compelling look adding confidence in our outlook that a decent rally is at hand.
It appears the huge advance from the 2009 low needs at least another upleg before being completed. From recent high Disney came down in two equal waves to give us a nice ZigZag that stopped right at the 38.2% of what we label as being a third wave bolstering our confidence in our view.
Laterly we published other stocks that have compelling look adding confidence in our outlook that a decent rally is at hand.
