hi traders
DIS stock faced a big price decrease, but the price is about to enter the buy zone where we expect investors to step in.
Normal correction in a long-term uptrend that has been started in November 2023.
The price may drop even to 85$ , make a new higher low, and still be bullish long-term.
For the time being, the upsloping support is still intact.
RSI oversold but has not created the bullish divergences yet so I expect the price to go a little bit lower before pushing higher.
See the chart for the reference.
DIS stock faced a big price decrease, but the price is about to enter the buy zone where we expect investors to step in.
Normal correction in a long-term uptrend that has been started in November 2023.
The price may drop even to 85$ , make a new higher low, and still be bullish long-term.
For the time being, the upsloping support is still intact.
RSI oversold but has not created the bullish divergences yet so I expect the price to go a little bit lower before pushing higher.
See the chart for the reference.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.