DIS + WALT DISNEY COMPANY + DOBLE BUTTON05/20/2022 (mm-dd-yy)
TARGET 116-133
TRIGGER 105
STOP 1 = 101
STOP 2 = 99
Historic:
05/20/2022 (mm-dd-yy)
Fear & Greed Index: 30
Mid-term forecast (1-2 weeks):
If price breaks the 105 resistance, a resumption of a strong uptrend is expected.
Aiming at 116 (1-2 weeks) and 133 (2-4 weeks)
If the support a 100 breaks, the short-term forecast (resumption of the downtrend) will not be valid.
We will close our open trades if the 101 or 99 level is broken in the medium term.
Technical analysis:
A DOUBLE BUTTON on the floor forms on the daily chart between 100 and 101, starting on 05/12/2022.
This week it can break 105 and is expected to rise to 116 and 133 according to technical analysis and confirmation of the pattern.
+ Trigger:
Trigger1= 105
+ Take Profits:
TP1=116
TP2=133
+ Stop:
Stop1=101
Stop2=99
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