Hi Realistic Traders, let's delve into the technical analysis of DIS
Following the breakout of the bearish trendline and double bottom pattern (signaling a Bullish Reversal), Disney sustained its upward trajectory beyond the double bottom and the EMA90 Line. Furthermore, a falling wedge pattern emerged near the EMA90 Line, suggesting a continuation of the bullish trend. Subsequently, the price surpassed the falling wedge pattern, accompanied by the MACD line crossing above the signal line, reinforcing the likelihood of a bullish signal toward the target area. These technical indicators typically validate the potential for a bullish trend continuation.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Disney."
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
การซื้อขายยังคงดำเนินอยู่
Dec 19, 2023, Closed above the upper trendline, confirming a possible bull run scenario
บันทึก
Still on track, I think it will reach the first target soon :D
บันทึก
Target 1 was Reached, as we expected it to be
Another Full Body Candlestick indicates a continuation of upward movement to the second target
ปิดการเทรด: ถึงเป้าหมายการทำกำไร
*Here's why the recent price jumped on Disney's stock*
Earnings per share: $1.22 adjusted vs. 99 cents expected Revenue: $23.55 billion vs. $23.64 billion expected
Better than expected earnings and revenue.
We forecast using only TA but remember the dow theory principle? The Market Discounts Everything ....