The Walt Disney Company has broken through a resistance line of a Falling Wedge chart pattern. If this breakout holds true, we may see the price of The Walt Disney Company testing 95.60 within the next 12 days. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any action.
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…