Disney breaking out?
Updated
Disney has been in a bullish pennant formation for awhile now. Price has been squeezing and is ready to make a large move. The Bollinger bands have been squeezing and we've been bouncing off the 50 level on the RSI each time, staying in bullish territory. We're about to get a bullish cross on the TSI which in my opinion would be a signal for another bull run for Disney.
There's still the possibility this is a false break out, but it looks pretty good for now.
There's still the possibility this is a false break out, but it looks pretty good for now.
Comment
Looks like a retest of the break out, we will see.PM me if you'd like to join my free trading group, beginner or advanced, it doesn't matter.
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