From the trend line data, we can see that Disney may appear to be bearish at the moment. However, we may see several buy in positions in the next few months. We have a heavy Support line (Support 1) from the 200 Moving Average (MA) coming in around 105.5, which could be a potential short trade to ~118. If the moving average does not hold, Support 2 may provide another potential buy in. However, if Support 2 does not hold, Disney may be in for a bearish run. Keep you guys updated! Safe trading!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.