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The Walt Disney Co., Technical Analysis
2/22/2023 10:16 AMThe shares of The Walt Disney Co., one of the leaders in the global entertainment industry, are moving in a corrective trend at 102.00.
On the daily chart, the price is holding above the resistance line of the local downward channel with dynamic boundaries 91.00–78.00, and the correction is gaining momentum again.
On the four-hour chart, it is clear that if the quotes continue to decline, they may enter the stage of a global trend, and in this case, the last year's minimum, around 85.00, will become relevant again.
Technical indicators signal in favor of a local decline: fast EMAs on the Alligator indicator are actively approaching the signal line, quickly narrowing the range of fluctuations, and the AO histogram is forming downward bars.
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