Disney (DIS) has broken below a strong horizontal support zone around $102, which previously acted as a demand area multiple times. After the breakdown, price is now showing signs of a potential retest of the broken support, turning it into resistance.
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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.