Walt Disney - investors looking for positive guidance from Disney after the company struggled for gains last year

Disney shares are up almost 2.5% on the day and ahead of their earnings call tomorrow. Currently, its stock is trading at around $99.00 a share. The company has had a fairly decent start to the year, with the share price up 9.7% since January and looking positive to continue. However, the earnings will certainly create some volatility here.  The next key resistance can be found along the triangle's upper trendline, which reads $103.92. This resistance is around 5% away from current levels, but as we have already seen from other companies a 5% rise is more than doable. A break and close above $103.92 could then see the bulls push towards $110. Towards the downside, support is at $95.66 followed by trendline support of $93.58. A break below the trendline would not necessarily suggest that a reversal trend has begun, but it could mean that more selling would be likely with bulls then searching for a new support level. Looking at the technical indicators, the MACD is quite positive and on the rise, and so is the RSI as it reads 66. Disney is expected to report an EPS of $0.99 on revenue of $23.75bn. Disney has had a difficult year last year, so investors are counting on some positive guidance for 2024.