Head and Shoulders has formed on Disney.
Since 2021 at the high of $202.00, the market has crashed down to $89.00
Technically, it's really not looking good for the giant.
21>7
RSI<50
My unfortunate target for Disney is to $23.30.
It sounds ridiculous and it is crazy, considering how they bought Pixar, Marvel, Lucas Films.
I trust the company will get out of the doldrums and I will revisit my analysis. But for now it seems like downside is to come.
Since 2021 at the high of $202.00, the market has crashed down to $89.00
Technically, it's really not looking good for the giant.
21>7
RSI<50
My unfortunate target for Disney is to $23.30.
It sounds ridiculous and it is crazy, considering how they bought Pixar, Marvel, Lucas Films.
I trust the company will get out of the doldrums and I will revisit my analysis. But for now it seems like downside is to come.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.