Disney's stock price has hit multi year channel top, and at the moment getting rejected. Does it have more juice to pump above or its gonna be mid term (6 months to 1 year) of retracement.
I am more towards retracement.
First target is around 85 - 90, worst case scenario being 45 - 50
This is only my personal opinion and for research purpose. Not soliciting to buy or sell the equity.
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After one and a half year, on 13July Thursday before market open the first target predicted back in Nov2021 has indeed fulfilled at 85 -90
What is in store in the next 1-2 years?
My own projection
1. Price either continues to drop to next worst target of 45 - 50
OR
2. Price goes up to the arc of rounding top before completion of the topping pattern and gradually drop back to 45 - 50