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The Walt Disney Co., Technical Analysis

10/17/2022 11:24 AM

Shares of The Walt Disney Co., the American leader in the entertainment industry, are moving in a downward corrective trend around 94.00.

On the daily chart, the price is within the global downwards channel with dynamic boundaries of 112.00–78.00, having renewed the annual low of 90.50 yesterday.

On the four-hour chart, it can be seen that this mark remains the last barrier for buyers, and a little confidence in its strength is given by the “bullish” divergence signal that is currently being formed on the AO indicator, however, the trend in the dynamics of trading volumes suggests that the price may fall to the level 80.00.

Technical indicators keep a stable sell signal: the EMA fluctuation range on the Alligator indicator expands downwards, and the AO oscillator histogram forms bars with a downward trend in the sell zone.

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