Technical analysis on DIS stock price for October 27th, 2023.
October 27, 2023 1:26 pm
DIS stock price remains well below the blue resistance trend line at $85. What was once support is now resistance. After breaking below it, DIS stock price has made two attempts to recapturing and pushing above the blue trend line. Both attempts failed. This price action confirms the importance of the resistance by this trend line. Failed attempts by bulls to recapture this level as price is trading below the major low of 2020, suggest that worst is not over for DIS stock price. DIS stock price remains vulnerable to more downside. For the bearish trend to change, bulls will at least need to push price above $85.
The material has been provided by InstaForex Company – www.instaforex.com
DIS stock price remains well below the blue resistance trend line at $85. What was once support is now resistance. After breaking below it, DIS stock price has made two attempts to recapturing and pushing above the blue trend line. Both attempts failed. This price action confirms the importance of the resistance by this trend line. Failed attempts by bulls to recapture this level as price is trading below the major low of 2020, suggest that worst is not over for DIS stock price. DIS stock price remains vulnerable to more downside. For the bearish trend to change, bulls will at least need to push price above $85.
The material has been provided by InstaForex Company – www.instaforex.com
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