Technical analysis

Disney Wave Analysis 8 February, 2021

Disney Wave Analysis 8 February, 2021

• Disney broke resistance level 182.75

• Likely to rise to resistance level 200.00

Disney opened today with the upward gap which broke above the strong resistance level 182.75 (which stopped the previous sharp upward impulse wave 3 in December).

The breakout of the resistance level 182.75 should accelerate both of the active nested impulse waves 5 and (3).

Disney is expected to rise further toward the next round resistance level 200.00 (target price for the completion of the active impulse waves 5 and (3)).

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