Elliott Wave Technical Analysis: The Walt Disney Company

By Peter Mathers of Trading Lounge

Wednesday, January 17, 2024 9:40 AM EDT

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The Walt Disney Company, Elliott Wave Technical Analysis

The Walt Disney Company, (NYSE: DIS): 4h Chart 17 January 2024

DIS Stock Market Analysis: Here’s the bullish alternative for DIS, as you can see we are looking at a potential resumption of the uptrend in either wave 1 or A.

DIS Elliott Wave Count: Wave {i} of 3.

DIS Technical Indicators: Above all averages.

DIS Trading Strategy: Looking for longs after the break of wave {b} at $95.

Analyst: Alessio Barretta

The Walt Disney Company, DIS: 1-hour Chart 17 January 2024

The Walt Disney Company, Elliott Wave Technical Analysis DIS Stock Market Analysis: Looking for upside into wave {i} as we seem to be in wave (iii) of {i}. We need upside confirmation before considering longs.

DIS Elliott Wave count: Wave (iii) of {i}.

DIS Technical Indicators: Above all averages.

DIS Trading Strategy: Looking for longs after the break of wave {b} at $95.