Disney: Bears are back! 🐻
After an optimistic start to the first half of September, the Disney share price has been dragged lower. This development is in line with our expectations, as the price should fall to the green target zone between $73.84 and $54.04 in order to place the low of the green wave (II) there. Only then should there be a rebound that can be capitalised on with long positions opened in the green zone. An alternative would be for the price to break above the resistance at $103.77. In this case, which we give a 34% probability, the low would be the one already placed with green wave alt.(ii)
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