 Welcome to the channel. This is reliable Rudy in this video. We'll be making a part 2 for the charting aspect of Disney And we're going to be more focused on the short-term Outlook for Disney what could transpire over the next couple weeks months six months years, etc Now in the last charting video I went over majority of the of the history of Walt Disney But there was still a lot of information that I felt was left out and that is the reason why making a part 2 video on the charting and I think you're gonna like what we have in store for you today We're going to focus majority on our middle assumption right here What I added to my watch list right here You can see it added to my watch list to notify me under 9915 But before we hop into the chart I'm not a licensed financial advisor everything this video contains only my opinion and for entertainment purposes only I have no Individual holding in Walt Disney. I have nothing to gain nothing to lose I do hold it in my VT index Vanguard total world stock market index But that is not an individual holding. I'm not looking to Persuade somebody into potentially buying or selling the stock. I'm just stating my opinion Okay, so hopping over to the chart Here I have my chart set up and all I do I have the red lines Representing the gaps up on the way up on this most recent run And then I have three gaps to the upside where we gapped down So I have those three identified and then I have these gaps identified on the upside So first what we're gonna do in this video. We're going to monitor this trend line Now if I zoom into this down trend right here that we had set from our previous video You can see we gap down today right to the top of that downtrend now. What a coincidence guys I just put the video out yesterday and I had mentioned that I would be careful playing around with this downtrend And sure enough we gap down to the top of it Coincidence I don't know but we're gonna hop to a 15-minute chart. We're gonna look at what's transpired For when we came in direct contact now, let's not forget this was earnings They posted earnings after hours so they gapped up and we've seen clear Rejection initially off of this downtrend Now we have some sell-off, but ultimately we push that downtrend full green and Gulf and candle And we are getting buying pressure from the top end of it You see how these wicks are pushing down to the top of that downtrend and we get a nice little extension right there But ultimately we trade back down We try to set this double bottom on top of my downtrend again, but what do I see? I see a high a lower high another lower high and look at where we close Yesterday's candle at this is not a this is not a bullish candle by any means when it closes the day And we gap down pretty much right at my downtrend. Isn't that crazy? I mean that that's just baffling to me Excuse me voice correct But nonetheless, that's not what I wanted to make the video over today. We're gonna hop back over to a day chart and You know who knows maybe we get back on top of this downtrend We go fill a couple of these gaps maybe and push to this longer term downtrend I don't know like I said, I don't have a crystal ball I'm just stating my opinion right here, but this is kind of the stuff that I'm looking at now Also with this gap down today if I pull my commodity channel up We have an exit of my commodity channel. You are going to have sellers Directly based off of this commodity channel You know, I know it sounds crazy, but the exit of the commodity channel exiting the overbought area It's tough to find buyers when you're getting exit same way when you're exiting the oversold You're going to have buyers come in simply for exiting this oversold. I know it sounds crazy But that is why I always have a commodity channel index on my chart But let's let's let's get to the point of this video. We're focused on this 9915 where I added it to my watch list. So let's go find where 9915 is at Zoom in just a little bit and I'm going to use a horizontal yellow line for this 9915 99 Okay, so we're at 9910 right there now I could play around with that and use 100 flat But do I see anything here that would lead me to potentially starting a position for Walt Disney? Right here. We have a gap up that was never filled called I'm calling this a potential buying window. Does that mean that is going to be a guaranteed green trade if you take this trade? No, it does not mean that but I'm definitely identifying that 9915 and I have this gap up right here Now, what else do I see you? That's very interesting about this red candle now. I'm zoomed directly in off this red candle on July 19th. Hey my birthday on July 19th. We gap up now We attempt to fill it at the beginning of the day, but this gap never got filled Now if I were to just put a line over top of this gap right there You see how on this red candle right there? We fill that gap on the money gaps up the next day and We have just been pretty much bullish ever since is that a coincidence now like I said, it's not guaranteed Like we were getting an exit of the commodity channel at the same time that we filled this gap See a lot of stuff can always be misleading, but you have to understand what's going through traders minds simple supply and demand right here when we filled this gap Was there more demand or more supply simple supply and demand of more people want to buy them sell at the Price of the stocks going to go up and right here more people wanted to buy them sell now. Also, let's take off That line that we put right there and let's mark our uptrend short term So from our bottom right here and I can see exit of the commodity channel at the same time Is that this would have been great shares bought right there? But let's not let's not get off track. Here is our uptrend of the stock. This is still an uptrend. Could we potentially? Get volume or get demand off this. What also do I see that's matching up right here on this day? We gap up. I'm gonna want to identify that right there I didn't have it in there right there, but I know the colors off switch that the red Is it possible that we meet in with this gap fill at 1? 1763 right off my trend line and we continue going bullish and try to attempt to fill some of these gaps Yes, it is possible. This is why nothing is a sure thing when you're when you're marking out indicators on a chart It's just identifying them and watching. What is the supply and demand when this time officially comes? But I'm telling you right now if we trade underneath of this gap fill and we start filling this gap Here we that's a crack of the trend line and we're gonna come attempt to fill these gaps I don't I don't care what what they what news comes out. I don't care It's going to attempt to come fill this gap if the buyers buy it up during that time. We might not fill the gap It's not guaranteed. I don't have a crystal ball here guys I'm just I'm just showing you stuff that I'm looking at But nonetheless, it's still got a nice uptrend nothing to panic about if you weren't able to sell right here I mean, it's not the end of the world. I mean this stock is ripped pretty good and we're still on an uptrend I mean, it's impossible to tell what the future holds for this, but nonetheless, I Have my 19 99 15 marked we have a gap fill now if I was potentially thinking about starting a position And this is where I want to do that. What am I going to do? I'm simply going to buy one single share a tracker share and we're going to see how it transpires I'm not going to rush into any individual position Now my long-term outlook for filling out the position is to eventually get this position to about 3% of my portfolio I don't want any single holding to be a majority of my portfolio that could potentially Set me in the wrong direction. I don't want to set my entire net wealth my entire net wealth in The hands of one individual company. That is not what I'm trying to preach. That is why I preach Boglehead investing. I know you haven't heard me say it yet But it's basically holding majority of your money in broadly diversified index funds because not one individual company can make or break you So going to what could transpire? So let's say I get triggered in off of this gap fill and I get my one tracker share and The price just keeps falling. Okay. I might add a couple more shares off this next gap Do I like the value of the company at 95? It's under my middle assumptions I think it's reasonable for Disney to put these numbers up. Yeah, I might add a couple shares off of that Now let's say we just keep on falling my next mark on the chart is a 91 84 Do I like the value of the company at 91 84? Yes, I do like the value I might add a couple more shares continue upping that percentage of my portfolio up to that 3% Now where now? What say Disney puts up these low assumptions? I'm already showing you guys that it's possible for Disney to come down and potentially trade at 55 Who knows? So let's say Disney were to come down and trade at 55 when we're down at 55 I want my total positioning for my portfolio in Disney to be around 3% 3% nothing more and I'm just gonna let it ride because I'm confident that the company is going to produce the numbers that I'm projecting Based off of my analysis through the entire reliable Rudy process now more specifically Let's say we trade underneath this low that we put in around 90 flat Now I got to go to the left of my chart. Is there anything else to the left of my chart that looks alarming now? I see we have this gap up right here. I'm going to mark that gap So we get our tracker share Basically off a hundred flat this gap fill my middle assumption We add a few here. We add a few here, and it just keeps dropping nothing to worry about guys This is a small position that we've that we're building out right now We're not rushing into any position But where am I going to be interested after that the next thing in my chart? I have is 85 bucks and I can run this all the way down the 55 my middle assumptions because I'm confident in each Share that I get is going to annually bring in 15% if I believe these numbers That's what you have to ask yourself. Do you believe that this company can put up these numbers? We are getting a little bit on the longer side I hope you guys enjoy the content in this video and I go a little bit more in-depth of how I personally fill out a position But that is what I see for Disney. I'm interested down here So I'm gonna be patient and if that day never comes okay I have it in my VT Vanguard total world stock market index fund. I'm going to benefit. Anyways, it's a win-win scenario I do not care what happens with this like I said I have nothing to gain here, but it is gonna be interesting to see how it plays out over the course of the next couple months Maybe even a year or two and yeah, I'll leave it at that. We'll see you guys on the next video