The Walt Disney Company is moving towards a line of 90.46 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If The Walt Disney Company continues in its current trajectory, we may see it move towards 90.46 within the next 50 days.
Related Posts
PYPL formed a Falling Wedge on the 4 hour chart. Retest of resistance in sight.
The movement of PYPL towards the resistance line of a Falling Wedge is yet another test of the…
Supports and resistances are primary concepts of technical analysis. AMZN is heading for an important price of 199.2800 – read about what this could mean for the future.
AMZN is moving towards a resistance line. Because we have seen it retrace from this level in the…
A Rising Wedge has formed, XOM is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
Emerging Rising Wedge pattern in its final wave was identified on the XOM 15 Minutes chart. After a…