#DIS, another mayor US company on its way to recover the field lost on COVID19 crisis.
What it is amazing about this chart, is that it is creating a perfect theoretical bearish pennant. On the other side, PE ratio is indicating 40.30. #DISNEY is fundamentally overprice and validates a possible break down of the tendency.
MACD and RSI without a clear direction. Behavior and volume near first and second resistance will be crucial to confirm or invalidate this bearish pennant.
www.dailyfx.com/educ...pennant-pattern.html
What it is amazing about this chart, is that it is creating a perfect theoretical bearish pennant. On the other side, PE ratio is indicating 40.30. #DISNEY is fundamentally overprice and validates a possible break down of the tendency.
MACD and RSI without a clear direction. Behavior and volume near first and second resistance will be crucial to confirm or invalidate this bearish pennant.
www.dailyfx.com/educ...pennant-pattern.html
Trade active:
Flirting again with the bottom of the triangle.
Earning reports coming soon on August 4th. Spoiler alert: Wont be good.
Earning reports coming soon on August 4th. Spoiler alert: Wont be good.
Trade active:
Getting out of the triangle! Volume improvement on last two sessions. Keep an eye on it.
First target: 111 USD.
First target: 111 USD.