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As $DIS Falls, Investors Look To This Chart Support

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

Shares of Walt Disney Co (NYSE:DIS) continued to fall after earnings hurt investor confidence last week. Based on technical chart analysis, there is still further downside to go. Smart investors are keeping the level of $104.00 on the radar as a major support buy level. This is a gap fill support, pivot low support and just above the daily 200 moving average. All these supports are likely to give Walt Disney Co a solid bounce, good for a swing trade long.

Stock chart buy level for investors on Walt Disney Co


This article was written by ST G for on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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