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.
This content is for informational purposes only and is not intended to be investing advice.
