I will go in depth on why I believe DIS is an amazing play but will do so by review each time frame one by one. From 15min-Daily-Weekly. We will start with the 15min as I believe that has more expressing to be conveyed.
►LONG 15min Chart(Intraday)
I was already bullish on DIS so I wanted to watch the intraday to make sure this stock wasn't demonstrating a false signal and I believe we have gotten signals indicating to go long. Today we have seen DIS go below a VWAP support that was vital to predicting its future direction but since we have gotten bull signals from the VSLRT and the Stupid Willy, I did not consider this a breakout. Instead we have seen the stock rise and not only close above the VWAP support but the 20sma, which lays within the Bollinger Bands. Next we need to see DIS close above the VWAP resistance I displayed that currently rest at 185.22.
►LONG Daily Chart(Intermediate)
Nothing too notable about the daily chart other than that it has displayed bullishness via the VSLRT indicating that we are seeing volume support the uptrend that we are currently having. Not only that but the Stupid Willy is demonstrating the conventional bull signs such as rising Williams %R and bullish momentum.
►LONG Weekly Chart(Long term)
There is something very bullish that can be seen via the weekly chart and that is the squeeze signal given by the Bollinger Band Width. Basically this signal occurs when we are about to get a big spike in volatility to either the downside or upside. Since the other time frames are bullish while the weekly also displaying bullishness via the VSLRT and the Stupid Willy I think we are about to see a massive up-move for DIS. This is important to note because it is vital to see whether stocks or taking the path of least resistance or are fighting a trend.
►LONG 15min Chart(Intraday)
I was already bullish on DIS so I wanted to watch the intraday to make sure this stock wasn't demonstrating a false signal and I believe we have gotten signals indicating to go long. Today we have seen DIS go below a VWAP support that was vital to predicting its future direction but since we have gotten bull signals from the VSLRT and the Stupid Willy, I did not consider this a breakout. Instead we have seen the stock rise and not only close above the VWAP support but the 20sma, which lays within the Bollinger Bands. Next we need to see DIS close above the VWAP resistance I displayed that currently rest at 185.22.
►LONG Daily Chart(Intermediate)
Nothing too notable about the daily chart other than that it has displayed bullishness via the VSLRT indicating that we are seeing volume support the uptrend that we are currently having. Not only that but the Stupid Willy is demonstrating the conventional bull signs such as rising Williams %R and bullish momentum.
►LONG Weekly Chart(Long term)
There is something very bullish that can be seen via the weekly chart and that is the squeeze signal given by the Bollinger Band Width. Basically this signal occurs when we are about to get a big spike in volatility to either the downside or upside. Since the other time frames are bullish while the weekly also displaying bullishness via the VSLRT and the Stupid Willy I think we are about to see a massive up-move for DIS. This is important to note because it is vital to see whether stocks or taking the path of least resistance or are fighting a trend.
Comment:
DIS Daily Chart
Comment:
DIS Weekly Chart