THE WALT DISNEY CO.: TECHNICAL ANALYSIS
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 93.70 |
| Take Profit | 102.70 |
| Stop Loss | 90.00 |
| Key Levels | 83.00, 89.20, 90.00, 91.00, 92.00, 93.70, 94.00, 102.70 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 89.20 |
| Take Profit | 83.80 |
| Stop Loss | 92.00 |
| Key Levels | 83.00, 89.20, 90.00, 91.00, 92.00, 93.70, 94.00, 102.70 |
The shares of The Walt Disney Co., one of the leaders in the entertainment industry, are moving in a corrective trend at 92.00.
On the daily chart, the price is moving away from the resistance line of the downward channel with dynamic boundaries of 90.00–83.00, trading above the previous trend high of 91.00.
On the four-hour chart, the quotes can break 91.00 and reach the resistance line at 94.00. In case of a reversal, a repeated return to the channel and a decline to the annual low of 84.00 is likely.
Technical indicators slow down the sell signal: fast EMA on the Alligator indicator is held below the signal line, and the AO histogram forms correction bars, approaching the transition level.
Trading tips
Long positions may be opened after the price rises and consolidates above 93.70, with the target at 102.70. Stop loss is 90.00. Implementation period: 7 days or more.
Short positions may be opened after the price falls and consolidates below 89.20, with the target at 83.80. Stop loss is 92.00.
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