$DIS TOP 20
Added 2023-10-08 21:45:37 +0000 UTC$DIS got a very strong bounce on its Covid Low line at $78 and has bounced all the way up to the top yellow trend line and almost to the top of the buy zone too.
Big test will be the breakout of this wedge and staying above it this time, we saw that in August after its earnings, $DIS got a strong bounce out of its smaller wedge at the time but never held above and has since drifter down lower.....with the Covid Low line coming to the rescue now.
Worse case scenario for $DIS is falling to the red trend line at $73, best case now is a break out and hold above $85.
Anyone interested in buying here soon?
Comments
Maybe I'm knocking on an open door. But the company has made some poor results and never really recovered from the covid period. Bob Iger has been back in the driving seat for now almost a year now. That may be starting to pay off, so I would wait and see for the coming earnings season before considering a buy.
Bee
2023-10-09 06:57:49 +0000 UTC
