Solid News

The Walt Disney Co., Technical Analysis

1/20/2023 10:02 AM

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

On the daily chart, the price is above the resistance line of the global downward channel with dynamic boundaries 91.00–78.00, testing the previous local high of 99.00.

The four-hour chart shows that the potential for strengthening the upward dynamics is relatively high, as the quotes are above the average level of last year, around 95.00, and consolidated above the basic correction of 100.00 to work out the abandoned downward corridor.

Technical indicators keep a stable buy signal: fast EMAs on the Alligator indicator move away from the signal line, and the AO oscillator histogram grows in the buy zone.

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