Technical analysis on DISNEY stock price for September 1st, 2023.
September 1, 2023 5:23 pm
Red line – resistance trend line
Blue line- support trend line
Last week we warned traders that DISNEY stock price was breaking below weekly support. The break below the weekly neckline support around $85 provided a bearish signal and this week’s price action confirms it. New weekly lows for DIS stock price. For a straight third week price remains under pressure. DISNEY stock price is vulnerable to a move towards $78 and later towards $68. Bulls need at least to recapture the $89.30 price level.
The material has been provided by InstaForex Company – www.instaforex.com
Red line – resistance trend line
Blue line- support trend line
Last week we warned traders that DISNEY stock price was breaking below weekly support. The break below the weekly neckline support around $85 provided a bearish signal and this week’s price action confirms it. New weekly lows for DIS stock price. For a straight third week price remains under pressure. DISNEY stock price is vulnerable to a move towards $78 and later towards $68. Bulls need at least to recapture the $89.30 price level.
The material has been provided by InstaForex Company – www.instaforex.com
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