The Walt Disney Co.: technical analysis 04.09.2023
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on The Walt Disney Co. for a better understanding of the current market situation and more efficient trading.
Shares of The Walt Disney Co., one of the leaders in the global entertainment industry, are moving within a corrective trend at 81.00.
On the daily chart, the price is trading within a global downward channel with dynamic boundaries of 87.50–70.00, forming a downward wave.
On the four-hour chart, after consolidation below the previous year’s low of 82.00, the support level of the global channel at 75.00 has become a new target for negative dynamics. Also, the local price gap of 83.70–81.80 cinfirms further decrease.
Technical indicators keep a stable sell signal: fast EMAs on the Alligator indicator move away from the signal line, and the AO histogram forms corrective bars, falling in the sell zone.
Trading tips
Short positions may be opened after the price drops and consolidates below 80.00 with the target at 75.00. Stop loss — 82.00. Implementation period: 7 days or more.
Long positions may be opened after a reversal, growth, and consolidation of the price above 84.00 with the target at 91.00. Stop loss — 81.00.
Use more opportunities of the NPBFX analytical portal: analytics
You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on The Walt Disney Co. and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on The Walt Disney Co. for a better understanding of the current market situation and more efficient trading.
Shares of The Walt Disney Co., one of the leaders in the global entertainment industry, are moving within a corrective trend at 81.00.
On the daily chart, the price is trading within a global downward channel with dynamic boundaries of 87.50–70.00, forming a downward wave.
On the four-hour chart, after consolidation below the previous year’s low of 82.00, the support level of the global channel at 75.00 has become a new target for negative dynamics. Also, the local price gap of 83.70–81.80 cinfirms further decrease.
Technical indicators keep a stable sell signal: fast EMAs on the Alligator indicator move away from the signal line, and the AO histogram forms corrective bars, falling in the sell zone.
Trading tips
Short positions may be opened after the price drops and consolidates below 80.00 with the target at 75.00. Stop loss — 82.00. Implementation period: 7 days or more.
Long positions may be opened after a reversal, growth, and consolidation of the price above 84.00 with the target at 91.00. Stop loss — 81.00.
Use more opportunities of the NPBFX analytical portal: analytics
You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on The Walt Disney Co. and trade efficiently with NPBFX.