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The Walt Disney Company (DIS) “On a long-term technical basis, the stock (DIS) is trading below its 200-day moving average which implies it is in a negative trend. If the new level of support at 107.99 holds, look for a bounce to the next resistance level at 111.56. If the stock breaks up through resistance at 111.56 a positive trend change is being attempted. Look for a possible long-term rally to previous highs.
The stock has support at 107.99 and 99.13. If the stock breaks down through support at 107.99 then it will probably continue lower to 99.13. The stock has resistance at 111.56 and at 129.89. If the stock breaks up through resistance at 111.56 then it will probably continue higher to 129.89. The 200-day moving average is at 129.89. This will also act as resistance. The stock is neutral according to the Stochastic Indicator (45.57).”
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