Walt Disney Company - Trend Assessmnent
Updated
I do concentrate only on trend assessment so traders could make a sequence of profitable trades to exploit full trend capacity.
Arguments:
1. Primary trend is bearish (red channel). It is a fact until it is broken and confirmed. The secondary one is bullish (green channel).
2. The price is consolidating above and near MA200 and longer ones.
3. Regarding Ichimoku Cloud: we have crossed Kumo red cloud and started consolidating above. We also should anticipate green cloud acting as support.
3. ROC and Chaikin Money Flow: above zero line and confirming continuation.
4. BB Trend got into green zone. it's been red for the last three years.
5. Positive outlook on inflation and therefore FED's decision.
6. OBV: no indications of bearish divergence.
7. Squeeze Momentum Indicator: no indications of divergences.
It is just a trend assessment, so you do your own job constructing your trades around the trend if it is substantiated.
Arguments:
1. Primary trend is bearish (red channel). It is a fact until it is broken and confirmed. The secondary one is bullish (green channel).
2. The price is consolidating above and near MA200 and longer ones.
3. Regarding Ichimoku Cloud: we have crossed Kumo red cloud and started consolidating above. We also should anticipate green cloud acting as support.
3. ROC and Chaikin Money Flow: above zero line and confirming continuation.
4. BB Trend got into green zone. it's been red for the last three years.
5. Positive outlook on inflation and therefore FED's decision.
6. OBV: no indications of bearish divergence.
7. Squeeze Momentum Indicator: no indications of divergences.
It is just a trend assessment, so you do your own job constructing your trades around the trend if it is substantiated.
Note
8. Please also note that Chikou Span is above price 200 days ago. Quite bullish.
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