The midterm Chart is not really bullish....Disney reached an Action Point -the neckline of the possible H&S.
TRrading below that Level is bearish with TP 86$. The RSI is near an oversold Situation, so a tiny upmove before the neckbreak should be exspected. (orange arrow)
Only Prices above the right shoulder will brighten the Chart.
Comments are welcome -Agree or Disagree!
TRrading below that Level is bearish with TP 86$. The RSI is near an oversold Situation, so a tiny upmove before the neckbreak should be exspected. (orange arrow)
Only Prices above the right shoulder will brighten the Chart.
Comments are welcome -Agree or Disagree!
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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.