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
XOM – breach of price line that’s been previously tested numerous times before
XOM has breached the resistance line at 115.4800. It may continue the bullish trend towards 117.9020, or, it…
ADBE has broken through resistance of a Triangle. It has touched this line at least twice in the last 8 days.
This trade setup on ADBE is formed by a period of consolidation; a period in which the price…
BIDU moves lower to 126.73 in the last 2 days.
BIDU reached 126.73 after a 8.68% move spanning 2 days.