Disney: Bullish Reversal, Upside Potential +10% ?
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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!
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!
Trade attivo
Dec 19, 2023, Closed above the upper trendline, confirming a possible bull run scenarioNota
Still on track, I think it will reach the first target soon :DNota
Target 1 was Reached, as we expected it to beAnother Full Body Candlestick indicates a continuation of upward movement to the second target
Trade chiuso: obiettivo raggiunto
*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 ....
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