DIS is as many big name stocks are currently sliding down as earning reports are being reported across the financial sector. Despite this I remain bullish about Disney due to strong fundamentals coming in 2019 and techncial analysis on the shorter term.
A few bullish points that I see for Disney on the shorter term.
- Ichimoku showed point of entry on OCT 15 as the tenken-sen crossed the kijun-sen on the daily.
Strong support being met on multiple levels
- 100 EMA acting as support
- Top side of kumo cloud
- 3 point touch on the ascending lower trend line
I expect DIS to bounce off this support and test upper trend line once again of $117.
***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***
A few bullish points that I see for Disney on the shorter term.
- Ichimoku showed point of entry on OCT 15 as the tenken-sen crossed the kijun-sen on the daily.
Strong support being met on multiple levels
- 100 EMA acting as support
- Top side of kumo cloud
- 3 point touch on the ascending lower trend line
I expect DIS to bounce off this support and test upper trend line once again of $117.
***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***
Comment:
***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***