Disney - 1 hourly

Disney continues to sit within its April range and could provide possible swing trade opportunities.

Disney continues to stay within its range dating back to early April. MACD has just turned positive on the 1 hourly as well as on the 2 hourly timeframes. On the 4 hourly the divergence is closing but still negative. Towards the downside, support for Disney sits at $96.47. A break and close below this level on the daily timeframe could then put pressure on the stock. Towards the upside, resistance sits at $102.79. A break above here could take Disney looking towards $120. According to tipranks.com out of 21 analyst ratings 18 are 'buy' with 3 'hold' and 0 'sell'. Which is positive.