DIS long inside wedge channel
Disney appears to be suffering possibly from the Roseanne Barr outbursts over the past few days. However, it appears action was swift and we could quickly see a recovery. Also, rumors of a new Neflix type platorm make Disney attractive on the longer charts. This is a quick long inside the consolidation wedge could be stifled by Kumo Cloud resistance as well as an-intra wedge descending trend line inside the greater consolidation. The chart shows possible and probable paths for Disney over the next few days.
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Learn to trade like a hedge fund pro. Send me a message if you have any questions.
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.