MarketIntel

Disney: Fairy Tale Forest ๐ŸŒฒ๐ŸŒณ๐Ÿช„

NYSE:DIS   Walt Disney Company (The)
Disney is currently strolling through the dark green fairy tale forest between $103.29 and $88.41, where it should soon finish wave 2 in dark green. Afterward, the share should be enchanted enough to conjure a convincing upwards movement above the resistance at $122.50. There is a 38% chance, though, for Disney to leave the forest on the southern side, dropping below the support at $84.07. In that case, the course would develop a new low in the form of wave alt.II in light green first before starting the ascent.
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