Walt Disney Company (The)
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DIS resistance and possible rejection off 161 fib level

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Through the parabolic rally of 2021 DIS has now reached the 161 level of the March drop. This often becomes a critical inflection point. If broken, it can be a strong indicator of a bull trend but if the price rejects away from a 161 (Or makes a small false breakout that fails and breaks back under the 161) this is often one of the earliest warning signs of a trend faltering.

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