DIS stock has struggled this year. However, Accumulation/Distribution on this daily chart shows accumulation over the past several weeks. This is a "shift of sentiment" pattern indicating a better earnings report is likely this time. The sideways trend is compressing and has consistent lows and highs, a common pattern for accumulation. When Accumulation appears well ahead of an earnings report, it usually (but not always) indicates improvement in fundamentals and establishes a base price for the improvement.
DIS is a target for HFTs since it's a household name stock that gets a lot of attention in the news.
Martha Stokes, CMT
ttrader.im/learn-tv
Learn how to use the technical patterns of each market participant for better trade planning.
ttrader.im/learn-tv
Learn how to use the technical patterns of each market participant for better trade planning.
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Penafian
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Martha Stokes, CMT
ttrader.im/learn-tv
Learn how to use the technical patterns of each market participant for better trade planning.
ttrader.im/learn-tv
Learn how to use the technical patterns of each market participant for better trade planning.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.