$DIS-Walt Disney could dive further after breaking $111

DIS -Walt Disney could dive further after breaking $111


It looks like the DIS broke out of a major support zone located near $111.
On the 4 hour chart we can expect a deeper correction as a swing trade.
If we also consider the daily time frame a major resistance zone was already tested. This zone is dating back in August 2022 thus adding more value to this analysis.

The first support zone will be found near 107.40, where the GAP also begins.
It may be possible for Disney to fill the GAP created earlier in early February 2024 as well.

You may find more details in the chart!
Thank you and Good Luck!

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