The Walt Disney Co.: wave analysis
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 97.53 |
| Take Profit | 110.15, 123.60 |
| Stop Loss | 91.00 |
| Key Levels | 66.00, 79.35, 91.00, 110.15, 123.60 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 90.95 |
| Take Profit | 79.35, 66.00 |
| Stop Loss | 94.80 |
| Key Levels | 66.00, 79.35, 91.00, 110.15, 123.60 |
Growth is possible.
On the daily chart, a downward correction of the higher level ended as the wave B, and the wave C forms, within which the entry first wave 1 of (1) of C ended, and a correction formed as the second wave 2 of (1) of C. Now, the development of the third wave 3 of (1) has started, within which the first wave of the lower level i of 3 is forming. If the assumption is correct, the asset will grow to the area of 110.15–123.60. In this scenario, critical stop loss level is 91.00.
Main scenario
Long positions will become relevant above the level of 91.00 with the targets at 110.15–123.60. Implementation period: 7 days and more.
Alternative scenario
A breakout and the consolidation of the price below the level of 91.00 will let the price go down to the area of 79.35–66.00.
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