Will_Wong

DIS-Bearish Flag Pattern: BB Coiled and Ready to breakout

Kort
Will_Wong Uppdaterad   
NYSE:DIS   Walt Disney Company (The)
It appears that DIS has printed a bearish flag pattern. Since the large drop at the last earnings report, DIS had hardly regain any portion of that huge gap down. Instead it made a very feeble attempt to rally the last two weeks, and in essence printed a bearish flag. The Bollinger Bands have contracted and coiled and is now in a position to break out very soon. Chances are it will break down and challenge the recent low of $93.
Kommentera:
Incredible timing....DIS Dropped 4% today on the announcement by Bob Iger that the Star Wars and Marvel movies will go to the new Disney streaming services exclusively.
Kommentera:
Trend support at $96++

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