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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.