I am watching this closely. Former Walt Disney advisors have return to $DIS to assist CEO Bob Iger with turning around operations.
The market appeared to like this news.
On the 1hr chart, we can see that the price action has retested the wedge from below and has so far broken above this line, which is also where the 200 Day MA was at.
So two things now we want to see:
1. A hold above the wedge yellow trend line on the 200 Day MA at $88.30.
and/or
2. A breakout of the wedge to the upside at $90.30.
A hold above this level and this is a buy for us.
Yuri van Huisstede
2023-08-01 07:37:42 +0000 UTCGrandpaJoker
2023-07-31 21:32:05 +0000 UTCGareth Neary
2023-07-31 18:11:59 +0000 UTCAleks
2023-07-31 18:07:45 +0000 UTCGareth Neary
2023-07-31 15:43:15 +0000 UTCYuri van Huisstede
2023-07-31 15:16:20 +0000 UTC