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Will a negative cup-and-handle pattern become a reality after Disney stock breaks $100?


Will a negative cup-and-handle pattern become a reality after Disney stock breaks $100?



The stock is currently trading within a sensitive range between support at $100 and resistance at $116.

🔻 Negative Scenario:
The $100 level represents important psychological and horizontal support.
If the daily close is significantly below $100 and volume increases, this will support the continuation of the downward trend and we may see price extend into the $89-90 area, which was a previous support area and a logical indicator of the depth of the move.

🔺 Positive Scenario:
The $116 level represents major resistance and previous highs.
If there is a strong daily close above $116 (preferably a weekly close), the negative scenario will be canceled and the mid-term trend will turn positive, potentially targeting the $124 and then the $130 area.

📌 The stock is currently in neutral territory between $100 and $116, with a breakout or breakout determining the next trend.



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