Photo by Adam Nowakowski on Unsplash
 

Today’s instrument is Disney's stock traded on NYSE under the ticker DIS.

Looking at Disney’s chart, we can see that it was lastly traded at around $101.15.

Last night, after the market closed, it announced worst-than-expected quarterly earnings with EPS (earnings per share) falling short, therefore today we should expect its stock price to fall at its support level at around $96.80, and if it is unable to hold it above that level, then it could further drop towards its next one at around $92.

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