Solid News

Shares of The Walt Disney Co., the world leader in the entertainment industry, are trading in a corrective trend around 104.00.

On the daily chart, the price remains within a wide side channel with dynamic boundaries 125.00–90.00, having consolidated above the previous local high at 101.00 yesterday.

On the four-hour chart, it can be seen that investors are confident in a reversal if the asset works out the local Head and shoulders pattern, the Neckline of which coincides with the local high of the beginning of the month around 101.00.

Technical indicators have completely reversed and issued a buy signal: the range of EMA fluctuations on the Alligator indicator began to expand in the direction of growth, and the histogram of the AO oscillator, having moved into the buy zone, continues to form up bars.