Walt Disney is showing solid results. What's next?The Walt Disney Company pleasantly surprised investors with a robust quarterly report. Its CEO, Robert Iger, is pursuing an effective cost-cutting strategy. The company is considering the initiation of shareholder dividends and the launch of new projects by the end of 2023. The developmental crisis seems to has been successfully overcome.
Therefore, today, our focus is on the Walt Disney Company (NYSE: DIS) stock chart.
On the D1 timeframe, support has solidified at 83.95, with resistance at 91.21. Additionally, the "triple bottom" pattern suggests a reversal from a downward to an upward trajectory.
Examining the H1 timeframe, if the asset's upward trend persists, a short-term target for a price increase might be around 96.57. In the medium term, the target for a price increase could hover around 103.97.
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