algocowboy2030

DIS long inside wedge channel

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NYSE:DIS   Walt Disney Company (The)
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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