I can't see Disney taking meaningful shares from Netflix but
the chart is rather bullish
Break out & gap up after good earnings (announcement of Disney plus)
Stock has been consolidating for a few months, since gap up
Trading between the low $130s, high $140s.
A break above $140 and this can potentially hit $200.
GOLD broke out of multi-year resistance in August of 2019
Showing extreme strength
Recently ran into secondary resistance of around $142-$144
If we surpass $144, GOLD can see levels it hasn't seen since 2011
Between 2011-2012, GOLD traded between $150s-$180s.
IWM is within a 2 year channel with distinct points.
Lower end (red arrows) around $144-$145
Upper end (black arrows) around $160
Highlighted areas are times in which we breached those areas.
Yesterday the IWM traded down as low as $144.25, buyers stepped in to drive the ETF up.
Buyers have stepped into and bought around that area for the past 2 years. ...
Despite the political rhetoric, stock has a bullish setup
3-4 years of consolidation, followed by a break out
a few more months of consolidation, followed by another break out
currently in an uptrend
May experience some slight pullbacks but overall, bullish.
Possible Double Bottom at $5.10
Stock looks like its ready to run and run fast
If $5.10 can represent the low going forward, we break above multi-year resistance of $6.50 and hold;
might get a double here!
Time will tell.
In my opinion, better quality stocks around
However, stock is sitting on support
If you're insistent on taking a trade on the long side, you can get a bounce off of support
Trading at all time lows, does not bode well for any long position
Sell the rallies.