I'm neither long nor short on Disney currently, but its hard to argue that its not at a critical price point
Starting w/ 1W chart, price action bounced off of the significant COVID low VWAP, but failed to break above the gap down vwap handoff on the earnings candle before losing momentum on low volume. Confluence between the 1W RSI and Stochastic indicators...
BBY recently broke out of a long standing channel into this most recent earnings report, after which it experienced a significant price drop. However, this drop was still not enough to push price outside of its pitchfork channel, validating support and leaving a huge gap to fill. Paired with an RSI bottom on the 1D chart, this be an excellent setup for a long position.
Walmart has been consolidating in this ascending triangle for over a year now, posting consistently higher lows, but unable to clear ATH . Walmart traditionally has a very bullish holiday season and this could act as a catalyst for a break out of structure above ATH . I see two possible scenarios occurring, both bullish .
If we continue to see similar volatility...
Lyft has been consolidating in this descending triangle for what is coming up on a year now, and I believe the catalyst for a breakout is quickly approaching. Since going public, LYFT has never posted a positive EPS an any earnings report, but that changed last quarter when they posted their first ever positive EPS. Stock price soared in the following week,...
