This support reaches back until March 2020 where it has been the low so far.
Despite the 2 years substantial fall there is still a long term uptrend. And the support gives the market the chance to recover and make some retracements of the fall.
The gift that just keep giving. We laid out this plan Months ago and even first talked about it being something to watch for last year. Ever since it became fully actionable it has continued to do exactly as we have planned and so far, so good, we just keep buying low and selling/trimming higher.
In the bigger picture i still say buyers should be highly...
Disney chart is so beautiful. The stock just needs to hold the bottom (78-79 area) and breakout the triangle to explode to 100. Now it has good R/R reward imo.
Back in our buy zone shared months ago and back at 2014 support.
Amazing place to begin an actual investment. But also, a great place to begin looking at short- or medium-term trades as well and building position.
The gift that just keeps giving this year, lol.
Disney has really turned off a lot of people over the years. With everything from several staff (many) involved in pedo-rings to terrible movies by Rian round-head Johnson and Kathleen Kennedy. Disney cruises frequented the area right near Epstein island to over-reported revenues by 10s of billions.
Is Disney going to break the trend-line and tank? ..ultimately...
Looks like Disney is totally done. Last breaks below (M)MA200 was during yield-curve heavily touching high levels signaling end of recession. Now it broke (M)MA200 with yield-curve just inverted! 40$ levels next.
DIS early feb I said rejection from that zone and we dip to 92 before more upside..
well now we are strong support and that 92 area, looking for rally to 118-128 from here and not much more downside.. boost and follow for more! 💛
While the town is painted red, there are always places to find for the green.
Domestic news of Reliance on Disney stores, multi-year lows, contrarian bets, Candle sticks post morning star (multiple) recent erosion of base around the 88 is the hurdle.
Less bearish, pushing towards some rally, potentially can be a relief to start and basing next.
80 appears a...
disney coming back down to the 3M VAL, with liquidity resting just below.
more importantly the 1Y rsi is now approaching the 50 midway (ultimate buy zone for disney)
...as bad as it looks, as long as the $80 area holds then we should see some respite
Disney in 50 year channel. Touched support 3 times, this will be the 4th if it holds.
If break, new resistance, can see movement down to yellow rectangle.
Walt Disney turned bullish on the 1D timeframe (RSI = 61.58, MACD = 0.500, ADX = 21.285) as it crossed over the Falling Wedge pattern that has been guiding the market downwards since the start of the year. The final Resistance to break is the 1D MA100, which hasn't been crossed since May 11th. If it does, we will go long and target the R1 level (TP = 92.50), which...
NYSE:DIS has certainly seen better days as it has spent the better part of the last 2 years with price action slowly trickling downwards.
That being said, a magical opportunity appears to be presenting itself.
We see an active rug pull event has kicked off on the 2D chart with an upside target of $103. This represents an upside of approximately 20% from...
