$DIS - Short and Long Term Charts
Added 2023-08-09 10:09:15 +0000 UTCEarnings are out after business today, a lot of optimism around now since ESPN has decided to partner with $PENN to bring easy accessible gambling to their platform.
On the short term chart, we can see that the $DIS is in a very tight descending wedge here but the price has also stayed below the triangle formation in yesterdays trading day.
In the PM now, the price is just at the descending wedges trend line at $88.85, a break and hold above this level and this is a bullish move.
Certainly if $DIS produces a beat on their earnings, this will break to the upside....in theory, that is the likely outcome.
Any surprises and this breaks down and Wave C is the target at $72.
Comments
Hi. What timeframe are we talking about. about the long term target?
Ilia$
2023-08-11 06:57:44 +0000 UTCHow long would we be looking for it to hold before it's a buy?
Trevor Sweetnam
2023-08-09 11:03:02 +0000 UTC
