Nov. 21 at 2:09 AM
$DIS: The current market context shows a recent close at
$102.74, near the 60D low of
$102.57, indicating potential support. The RSI at 28.87 suggests the stock is oversold, which may lead to a price rebound. However, the moving averages (MA30 at 110.61 and MA50 at 111.79) indicate a bearish trend, as the price is significantly below these levels.
Directional bias leans towards a short-term bullish reversal due to the oversold RSI, but caution is warranted given the bearish MAs.
Suggested entry is at
$103.50, slightly above the last close to confirm upward momentum. Set a stop loss at
$102.00 to manage risk.
Targets can be set at
$108.00 (near the MA30) and
$110.00 (near the MA50) for potential profit-taking.
Monitor price action closely, as a failure to break above resistance could lead to further declines.
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