Antony_NPBFX
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The Walt Disney Co.: technical analysis 20.03.2024
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 entertainment industry, are trading in a corrective trend at 114.00.
On the daily chart, the price is moving within an ascending channel with dynamic boundaries of 118.00–106.00, approaching the resistance line.
On the four-hour chart, the quotes can break the year’s high of 115.00, after which an increase to the channel resistance line of 123.00 is expected. In case of a reversal and decline, the asset may begin to work out the recent price gap of 106.00–98.70.
Technical indicators are holding a buy signal: fast EMA on the Alligator indicator are above the signal line, and the AO histogram is forming corrective bars in the positive zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 116.00, with the target at 123.00. Stop loss – 113.00. Implementation period: 7 days or more.
Short positions may be opened after the price declines and consolidates below 112.00, with the target at 107.00. Stop loss – 115.00.
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 entertainment industry, are trading in a corrective trend at 114.00.
On the daily chart, the price is moving within an ascending channel with dynamic boundaries of 118.00–106.00, approaching the resistance line.
On the four-hour chart, the quotes can break the year’s high of 115.00, after which an increase to the channel resistance line of 123.00 is expected. In case of a reversal and decline, the asset may begin to work out the recent price gap of 106.00–98.70.
Technical indicators are holding a buy signal: fast EMA on the Alligator indicator are above the signal line, and the AO histogram is forming corrective bars in the positive zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 116.00, with the target at 123.00. Stop loss – 113.00. Implementation period: 7 days or more.
Short positions may be opened after the price declines and consolidates below 112.00, with the target at 107.00. Stop loss – 115.00.
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.