Because
DIS broke below 104 in large volume today, I should be bearish
However, the general market dropped 1.6-1.9%, so I am not surprised
DIS was included in the sell off.
Unless there is a continued sell off in large volume, I think there will be support around 101.80-102, or 101 if 101.80 doesn't hold.
I am not sure there is enough touch points for 102.75 to be a support.
I don't think
DIS is a bad company to go long in, just right now doesn't feel like a good time.
However, the general market dropped 1.6-1.9%, so I am not surprised
Unless there is a continued sell off in large volume, I think there will be support around 101.80-102, or 101 if 101.80 doesn't hold.
I am not sure there is enough touch points for 102.75 to be a support.
I don't think
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.