DIS Just Broke Crucial Trend Line
Disney has been in the news a lot over the past couple weeks, fighting a bill that was passed in Florida. In reaction to that we are seeing FL state strip Disney of self governing status . This will cost DIS money and will add red tape to their operations. This negative fundamental news is matched with a very bearish technical set up. DIS just lost crucial trend line that had been held for over a year. Now that this trend line is broken I believe we trade down to support around $100.
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