The chart is presenting a textbook perfect cup with handle base with a slightly descending handle formation in the shakeout during the laggard months of 2019. Fundamentals are a little lighter than prior years due to the cash burn from recent capital expenditures, the Fox acquisition, standing up new theme park attractions, and launching the Disney+ streaming service. Accumulation is spiking fast, s
After a period of convergence of averages evident on a languishing , the histogram is beginning to spike back up indicating a fast forming rally. As for the averages themselves, the short terms are pulling up sharply from the longer terms in a perfect golden cross. is spiking up hard on a 7.3% gain which gave me an immediate unrealized profit on my position today. is spiking the way it should on a real rally just first taking off without any shakeouts yet. to a blended fund benchmark shows the mouse pulling ahead quickly, with confirming the uptrend picking back up again after some months long consolidation. is spiking hard the way it does when forming new all time highs, but it has to mathmetically because no one bought at that price before today.