$DIS - broke down what's next?
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.
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.
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MonkeyGee : think you might need to move the line. the price drop was still closed above the line.