LTC could run here after breaking out of ascending wedge with RSI suggesting bullish continuation. Be careful as Chaikin is pointing towards a bearish divergence which could test the support.
Long term goals of $246 and $300.
Lots of fundamental news backing these targets up too.
Disney reached the pitchfan resistance once again and could retrace >10% .
MACD , RSI and STO all indicate bearish diversion.
Take profits at fib levels.
Long term I don't think Disney will fall too much, I think the lowest it will go is the 0.5 fib line before returning bullish (and a potential long entry).
Some resistance levels to get through but RSI suggests trend continuation with potential fib target of $44.
Chaikin and MACD are now positive on the 4hour.
With good news out regarding the one-shot vaccine and multiple bullish signals this could be a great play.
Descending wedge and potential inverse head and shoulders could see price rise to £170 and beyond.
Beware of some resistance around £165.
