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.
Indicators
Overall recommendation Buy
Overall recommendation Wait
Overall recommendation Sell
Overall recommendation Sell
Overall recommendation Sell
Overall recommendation Sell
Overall recommendation Sell