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TECH Buy 20.05.2024 08:29

The Walt Disney Co.: wave analysis

The price is in a correction and may grow.

On the daily chart, a downward correction of the higher level formed as the wave B, and the wave C started, within which the entry first wave 1 of (1) of C formed. Now, a downward correction is ending as the second wave 2 of (1) of C, within which the wave c of 2 is ending. If the assumption is correct, the asset will grow to the area of 130.00–135.00. In this scenario, critical stop loss level is 96.20.

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Indicators

MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Wait
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Sell
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Sell
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Sell
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Sell
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Sell

Market sentiment

100% sell
0% buy