Disney is looking to hit and even pass $180 this week, even with earnings approaching. I will divide this analysis into 3 sections; Technical Analysis, Earnings, Fundamentals.
Technical Analysis:
-45min candle stick chart shows a green candle in the latest 45min segment.
-Divergence+ Shows growing bullish divergence as indicated by green shadow between latest candles, based on this shadow there is indication that there is still room to fall as the cloud does not have an outline ( below 40 RSI ) and does not yet have a buy signal.
-Elliot wave analysis shows that our second wave may have been broken and will be safe to make a decision about buying after 2 45min segments to make sure this is indeed a break.
-MACD shows weakening bearish divergence & signals that bulls are taking control, something to watch Monday.
-Guth 3x Confirm shows that price and volume are low in comparison to MA and is about to initiate a buy signal
Earnings: Trading near and during earnings is extremely risky as investors could increase their position ahead of earnings or decrease their positions. Especially institutional investors trying to avoid volatility. However DIS has a track record of beating earnings.
Fundamental analysis: Do you think the Delta Variant of covid will impact the market this week? Or will investors shrug this off? Would love to hear your thoughts in the comments.
Technical Analysis:
-45min candle stick chart shows a green candle in the latest 45min segment.
-Divergence+ Shows growing bullish divergence as indicated by green shadow between latest candles, based on this shadow there is indication that there is still room to fall as the cloud does not have an outline ( below 40 RSI ) and does not yet have a buy signal.
-Elliot wave analysis shows that our second wave may have been broken and will be safe to make a decision about buying after 2 45min segments to make sure this is indeed a break.
-MACD shows weakening bearish divergence & signals that bulls are taking control, something to watch Monday.
-Guth 3x Confirm shows that price and volume are low in comparison to MA and is about to initiate a buy signal
Earnings: Trading near and during earnings is extremely risky as investors could increase their position ahead of earnings or decrease their positions. Especially institutional investors trying to avoid volatility. However DIS has a track record of beating earnings.
Fundamental analysis: Do you think the Delta Variant of covid will impact the market this week? Or will investors shrug this off? Would love to hear your thoughts in the comments.