DIS has certainly seen better days as it has spent the better part of the last 2 years with price action slowly trickling downwards.That being said, a magical opportunity appears to be presenting itself.
We see an active rug pull event has kicked off on the 2D chart with an upside target of $103. This represents an upside of approximately 20% from current levels.
In confluence with this, we see that price is currently contained within a downwards channel with the upper line of this channel conveniently at, you guessed it, $103.
Furthermore, price appears to be breaking out of a falling wedge within the aforementioned channel and price has bounced off of prior COVID lows.
As a cherry on top, there appears to be massive bullish divergence building on the monthly timeframe with a pending EMA crossover of the RSI.
All signs pointing to potential near-future bullish movements; however, long-term direction of
DIS remains cloudy.Disclaimer:
Any information contained within this post does not constitute any financial, investment, or trading advice. Trade or invest at your own risk.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.