Disney is consolidating at the bottom of it's channel. It's been in consolidation for a week now and it's ready for a move to the top.
It has now formed a bullish pennant and has been tethering a breakout of consolidation.
If you look closely at the bullish pennant you'll see the recent price movements hinting that
DIS will soon breakout of the flag.
With the news of Disney finally expanding to 8 more countries very soon + the reopening of many Disney studios & parks.
This stock is in a good position to rise.
Both the technicals and fundamentals validate a move up.
On average a rise to the top of a channel takes 3 days and consolidation about about a week. Disney is ripe for a breakout as it has been consolidating for a week and there is now catalyst to initiate a move.
It has now formed a bullish pennant and has been tethering a breakout of consolidation.
If you look closely at the bullish pennant you'll see the recent price movements hinting that
DIS will soon breakout of the flag.With the news of Disney finally expanding to 8 more countries very soon + the reopening of many Disney studios & parks.
This stock is in a good position to rise.
Both the technicals and fundamentals validate a move up.
On average a rise to the top of a channel takes 3 days and consolidation about about a week. Disney is ripe for a breakout as it has been consolidating for a week and there is now catalyst to initiate a move.
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.
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.