Disney (DIS) at Key Support: Double Bottom and Potential Bounce

Disney stock (DIS) is approaching a significant support level around $84, which has held multiple times in the past. The price shows a potential double bottom formation with oversold conditions. The weekly chart indicates a possible bounce back to the $105 level, aligning with previous resistance. However, downside risk remains if the stock breaks below the support zone, hence the stop at $82.50.

{
  "direction": "Long",
  "symbol": "DIS",
  "interval": "1W",
  "entry": 88.50,
  "stop": 82.50,
  "profit": 105.00,
  "risk": 600.00,
  "reward": 1,650.00,
  "quantity": 100,
  "score": 6
}