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04-22
I opened 1.0 share(s) $Walt Disney(DIS)$  ,

Adding some small positions into DISNEY stock as the stock is approaching 52 weeks low level. Alittle bit of diversification from the usual tech stocks.

📊 Technical Analysis

1. Support and Resistance Levels

The current price range of $83–$86 has historically served as a support zone, previously tested on:

August 8, 2024

September–November 2023

December 28, 2022

This pattern suggests potential for a rebound if the support hold.

2. Moving Averages

DIS is trading below its 50-day, 100-day, and 200-day simple moving averages, indicating a bearish tren. A sustained move above these averages would be necessary to confirm a trend reversal.

3. Volume Analysis

Recent trading sessions have shown increased volume, particularly during price declines, suggesting heightened investor activity and potential volatility.

4. Support & Resistance level

Support level to watch: $84, $82.98, else $80.10 (52 weeks low)

Resistance level: $85.52

Watch for possible breakout $85.52 for continuation upwards movement in bullish case.

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Conclusion:

Disney's current stock price reflects both challenges and opportunities.

While technical indicators point to a bearish trend, the company's strong fundamentals, including profitable streaming operations and resilient theme park revenues, provide a foundation for potential recovery.

Investors should monitor upcoming earnings reports (7 May 2025) and market conditions to assess the stock's trajectory.

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