DIS Just when you thought things were turning up and bad news might be drying up, Spectrum news came out on Friday, causing the price to gap down to near the $80 area.The bulls need to reclaim $85, as I stated in my earlier post.
If $80 breaks, there is a real danger that the stock could go down to $76.45 area.
$80 is the key critical support level to prevent further breakdown.
$85 is the key resistance area to reverse the trend.
I could be wrong but I think we see a bounce next week.
Place your bets!
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Disclaimer
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I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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.