Solid News

Shares of The Walt Disney Co., one of the leaders in the global entertainment industry, are moving in a corrective trend around 99.00.

On the daily chart, the price is within the global Triangle pattern with dynamic boundaries 102.00–85.00 and narrows the range of fluctuations, approaching the resistance line at 101.00.

On the four-hour chart, the asset has already entered the last third of the pattern, which is one of the signs of an imminent exit from it. A possible reversal is also indicated by the quotes reaching its upper limit at 100.00, which was accompanied by a significant drop in trading volumes.

Technical indicators have significantly narrowed the fluctuation range: fast EMAs on the Alligator indicator are still below the signal line, and the AO oscillator histogram remains in the sell zone.