Disney Weekly Update : Bullish
Disney Weekly Update: Technical Analysis (03/02/2025)
In this analysis of Disney's weekly chart (
DIS), we observe key technical developments:
Major Resistance Breach: The price has broken above a long-term descending trend-line, signaling potential bullish momentum.
Consolidation Zone: After the breakout, the price is consolidating in a tight range near $113. This indicates indecision, with a possible continuation if resistance at this level is cleared.
Ichimoku Cloud Support: The price is trading above the Ichimoku Cloud, which acts as a strong support zone around $101-$107. This suggests that the bullish trend remains intact unless the price falls back into the cloud.
RSI Divergence: The RSI shows a bullish divergence, with higher lows forming as price consolidates. This supports the case for further upward movement.
Key Levels to Watch:
Resistance: $121 (top of consolidation zone)
Support: $107 (cloud support) and $101 (cloud base)
Potential Scenarios:
A breakout above $121 could lead to a bullish continuation toward $135-$140.
A breakdown below $107 would invalidate the bullish setup and may signal further downside.
In this analysis of Disney's weekly chart (
DIS), we observe key technical developments:Major Resistance Breach: The price has broken above a long-term descending trend-line, signaling potential bullish momentum.
Consolidation Zone: After the breakout, the price is consolidating in a tight range near $113. This indicates indecision, with a possible continuation if resistance at this level is cleared.
Ichimoku Cloud Support: The price is trading above the Ichimoku Cloud, which acts as a strong support zone around $101-$107. This suggests that the bullish trend remains intact unless the price falls back into the cloud.
RSI Divergence: The RSI shows a bullish divergence, with higher lows forming as price consolidates. This supports the case for further upward movement.
Key Levels to Watch:
Resistance: $121 (top of consolidation zone)
Support: $107 (cloud support) and $101 (cloud base)
Potential Scenarios:
A breakout above $121 could lead to a bullish continuation toward $135-$140.
A breakdown below $107 would invalidate the bullish setup and may signal further downside.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.