Has Disney Bitten off more than they can chew? Target $23.30Head and Shoulders has formed on Disney.
Since 2021 at the high of $202.00, the market has crashed down to $89.00
Technically, it's really not looking good for the giant.
21>7
RSI<50
My unfortunate target for Disney is to $23.30.
It sounds ridiculous and it is crazy, considering how they bought Pixar, Marvel, Lucas Films.
I trust the company will get out of the doldrums and I will revisit my analysis. But for now it seems like downside is to come.
