Disney: Recovery?!
Disney appears to have stabilized after its recent sell-off, holding above the $106.26 support level. From here, the price should push beyond the $123.74 resistance during the turquoise wave 3. However, if it drops below $106.26 (41% probable), it will trigger our alternative scenario, signaling a move into our blue Target Zone between $97.27 and $91.46. After the wave alt.(ii) low in that range, the stock would quickly resume its upward trajectory.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.