Disney is determining its direction

10 march 2022 68
Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
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An interesting situation has been developed for Disney shares. Where will the price be directed to?

 

On the one hand, a double bottom appears on the chart: a strong reversal signal. If it is materialized, the growth targets will be levels of 155 and 160.

 

On the other hand, the price has not reached a little the closing of the gap of November 2020 at 128. The “bears” have not lost the initiative yet and they may well try to reach the level of 128 before the trend reversal.

Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices", "US stocks" and "Metals"
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