This is the 2nd straight hour disney has seen its price head down.
As for how volume fared, yesterday’s volume was up 36.52% from the previous day (saturday), and up 62.65% from sunday of the week before.
It’s been a feast for bears operating on an hourly timeframe, as disney has now gone down 4 of the past 5 hours.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
This move is a reversal from the hour prior, which saw price move up.
Hhse is one to keep an eye on here with a current share price of .015 and a market cap of approximately 13 million.
For additional context, note that price has gone up 17 out of the past 30 days.
This move happened on lower volume, as yesterday’s volume was down 48.52% from the day before — and down 24.8% from the same day the week before.
And i love disney plus, it doesn’t come close to justifying the valuation though.
This is the 2nd hour in a row disney has seen its price head down.