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DIS stock price shows a falling wedge pattern on the charts.
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Buyers are losing strength and faced rejection from the 200-day EMA.
Walt Disney (NYSE: DIS) stock price shows rejection from the 200 day EMA, profit booking was seen in the past trading sessions. Moreover, the price action highlights selling pressure, bears are trying to stretch the fall below the critical support zone of $80. Furthermore, the chart structure showcased lower lows formation, indicating short buildup activity which creates pressure on bulls resulting in rejection from the round mark of $100.
DIS share price is trading near the primary support of $80, at a make or break level, where if price sustains near the lower trendline, a rebound toward the 200 day EMA near $90 can be anticipated. At the moment, DIS stock price is trading at 20 day EMA and trying to sustain above it. Conversely, if price slips below $80, correction may extend toward $70.
At press time, DIS stock price w
We współpracy z: https://www.thecoinrepublic.com/2023/09/15/walt-disney-nyse-dis-price-faces-selloff-will-it-retain-100/
