Has Disney bottomed out?Disney (DIS) looks like it created a kinda double bottom pattern this December and now it's making a slight uptrend channel. DIS could be bullish from here going forward into earnings in February 2022. As always, picking the best entry point is important, so here's the price levels on the 4hr chart.
P/E = 140
EPS = $.37
52 week H = $203.02
52 week L = $142.04
Price levels 4hr chart:
SMA200 = $168.75
SMA150 = $165.31
SMA100 =$159.35
SMA50 =$150.02
Trend channel 4hr chart:
breakout = $158.92
R3 = $156.57
R2 = $154.42
R1 = $152.17
pivot = $149.92
S1 = $147.67
S2 = $145.36
S3 = $143.21
breakdown = $141.06
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
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