The Walt Disney Company has broken through the resistance line of a Ascending Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 65 days and suggests a possible target level to be around 93.17 within the next 13 days.
Related Posts
A possible move on CVX as it heads towards resistance
CVX is moving towards a resistance line. Because we have seen it retrace from this line before, we…
TSLA likely to test 332.3700 in the near future. Where to next?
TSLA is en route to a very important line that will be a definite deciding factor of what…
Important resistance line being approached by BABA. This price has been tested numerous time in the last 55 days
A Rising Wedge pattern was identified on BABA at 120.6, creating an expectation that it may move to…