The SnowWhite IMDB rating can't get any worse - could the same be said of Disney stock?
Price is the ultimate proof but buying the shares of a well established company when sentiment is at a low point can be a fruitful endevour.
The poor box office showing + very weak ratings for Snow White - maybe a contrarian buy signal ?
A) The stock is attempting a long term double bottom via is 2020 + 2023 lows
B) A breakout over the downtrend line (orange) could confirm a bullish trend change
Bottom of the ratings ➡️ Bottom in the stock?
DIS
Price is the ultimate proof but buying the shares of a well established company when sentiment is at a low point can be a fruitful endevour.
The poor box office showing + very weak ratings for Snow White - maybe a contrarian buy signal ?
A) The stock is attempting a long term double bottom via is 2020 + 2023 lows
B) A breakout over the downtrend line (orange) could confirm a bullish trend change
Bottom of the ratings ➡️ Bottom in the stock?
DIS
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Signup to my newsletter:
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.