Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

$DIS Sell Alert: Shares Hit Resistance Level, Likely Will Fall To $90

Shares of Walt Disney Co (NYSE:DIS) are hitting major resistance on the stock chart. The resistance trend line comes from connecting the highs from August 2015 to November 2015. That trend line, when extended, comes directly into the current price of Walt Disney Co. The each time Walt Disney hit this level, the pull back from huge, the stock falling to $90. This likely signals another major rollover and collapse to $90. That means there is 15-20% downside from here on Walt Disney Co.

Investors sell stock market chart resistance on Walt Disney