Solid News
The Walt Disney Co., Technical Analysis
12/29/2022 10:05 AMShares of The Walt Disney Co., one of the leaders in the global entertainment industry, are correcting at 84.00.
On the daily chart, the price is trading within a local downward corridor with dynamic boundaries of 95.00–72.00, and at the moment, a new wave of decline is forming.
On a four-hour timeframe, the quotes of the trading instrument have already consolidated below the year’s low of 86.00, signaling an intensification of the correction. An upward scenario is currently possible only if 88.00 is broken.
Technical indicators keep a stable sell signal: fast EMAs on the Alligator indicator actively move away from the signal line, while the AO oscillator histogram continues to fall in the sell zone.
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