The Walt Disney Company has broken through a support line of a Descending Triangle and suggests a possible movement to 75.93 within the next 28 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 136 days.
Related Posts
META experienced 7 consecutive daily bearish candles to reach a price of 584.9600
META has experienced an exceptionally large amount of consecutive bearish candles to reach a price of 584.9600 in…
V formed a Rising Wedge on the 4 hour chart. Retest of resistance in sight.
V is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of…
ADBE – It’s perhaps in these huge moves where the greatest opportunity lies
Those of you that are trend followers are probably eagerly watching ADBE to see if its latest 18.39%…