We said that this bullish set up was almost too obvious but the market seems to think the same as us too.
Convincingly holding on the 0.38 Fib, the 200 Day and 50 Day MA at $89 and bouncing 1% today.
The strong confluence level was able to defend tough market conditions for the last few days.....so if a relief bounce comes tomorrow or the following day, $DIS will likely benefit from this and continue moving higher.
WiktorW
2024-01-03 21:45:28 +0000 UTC