Today’s instrument is Disney stock traded on NYSE under the ticker DIS.
Looking at Disney’s chart for the past weeks, we can see that it has been in an upward trend and is currently traded at around $108.10.
Today it is announcing its quarterly earnings and if the market’s expectation is positive, then we could see its price rising towards its resistance level at around $112 otherwise it should fall towards its support level at about $103.
(Click on image to enlarge)
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