Scenario
Timeframe	Weekly
Recommendation	BUY STOP
Entry Point	93.70
Take Profit	102.70
Stop Loss	90.00
Key Levels	83.00, 89.20, 90.00, 91.00, 92.00, 93.70, 94.00, 102.70

Alternative scenario
Recommendation	SELL STOP
Entry Point	89.20
Take Profit	83.80
Stop Loss	92.00
Key Levels	83.00, 89.20, 90.00, 91.00, 92.00, 93.70, 94.00, 102.70

The shares of The Walt Disney Co., one of the leaders in the entertainment industry, are moving in a corrective trend at 92.00.

On the daily chart, the price is moving away from the resistance line of the downward channel with dynamic boundaries of 90.00–83.00, trading above the previous trend high of 91.00.

On the four-hour chart, the quotes can break 91.00 and reach the resistance line at 94.00. In case of a reversal, a repeated return to the channel and a decline to the annual low of 84.00 is likely.

Technical indicators slow down the sell signal: fast EMA on the Alligator indicator is held below the signal line, and the AO histogram forms correction bars, approaching the transition level.

Trading tips

Long positions may be opened after the price rises and consolidates above 93.70, with the target at 102.70. Stop loss is 90.00. Implementation period: 7 days or more.

Short positions may be opened after the price falls and consolidates below 89.20, with the target at 83.80. Stop loss is 92.00.

THE WALT DISNEY CO.: TECHNICAL ANALYSIS