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27.10.202314:32 Forex Analysis & Reviews: Technical analysis on DIS stock price for October 27th, 2023.

Exchange Rates 27.10.2023 analysis

DIS stock price remains well below the blue resistance trend line at $85. What was once support is now resistance. After breaking below it, DIS stock price has made two attempts to recapturing and pushing above the blue trend line. Both attempts failed. This price action confirms the importance of the resistance by this trend line. Failed attempts by bulls to recapture this level as price is trading below the major low of 2020, suggest that worst is not over for DIS stock price. DIS stock price remains vulnerable to more downside. For the bearish trend to change, bulls will at least need to push price above $85.

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Alexandros Yfantis,
Analytical expert of InstaSpot
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