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gmaster29

Disney breached key support level, heading down to $128 gap fill

Short
Walt Disney Company (The) (NYSE:DIS)  
gmaster29 Updated   
NYSE:DIS   Walt Disney Company (The)
Trend Analysis Chart Patterns usstocks USA
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trendanalysis chartpattern usstocks usa
Disney had recently gap down and breached the key support levels at $155. The trend and momentum is also negative. If the markets continue remain volatile, I believe DISNEY is head towards $128 to fill the gap by Feb 2022 or earlier. Timing the target is bit challenge as there's always some Santa Claus rally in holidays, but I see $128 is unavoidable.
Trade closed: target reached:
Disney low today was 129.26 , pretty close to 128 target.. we will see some short term bounce here.
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