Disney: Bullish Reversal, Upside Potential +10% ?

1월 19일

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."

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1월 20일

액티브 트레이드

Dec 19, 2023, Closed above the upper trendline, confirming a possible bull run scenario

1월 22일

노트

Still on track, I think it will reach the first target soon :D

1월 29일

노트

Target 1 was Reached, as we expected it to be

Another Full Body Candlestick indicates a continuation of upward movement to the second target

2월 8일

거래청산: 타겟 닿음

*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 ....