here are some good support and resistance areas for multiple DCA entries into Disney stock (DIS) from the current price of $95 per share:
$90 - This is a key support level that Disney stock has held several times in the past. If the price of Disney stock falls to this level, it could be a good entry point for DCA.
$85 - This is another key support level that Disney stock has held in the past. If the price of Disney stock falls to this level, it could be a very good entry point for DCA.
$80 - This is a long-term support level that Disney stock has held in the past. If the price of Disney stock falls to this level, it could be a very attractive entry point for DCA.
$100 - This is a key resistance level that Disney stock has struggled to break through in the past. If the price of Disney stock rises to this level, it could be a good exit point for DCA.
$105 - This is another key resistance level that Disney stock has struggled to break through in the past. If the price of Disney stock rises to this level, it could be a very good exit point for DCA.
It is important to note that these are just some potential support and resistance levels. The actual price action of Disney stock could vary depending on a number of factors, such as market conditions and company news. It is always important to do your own research before making any investment decisions.
Here are some additional considerations for DCA entries into Disney stock:
The frequency of your DCA entries will depend on your risk tolerance and investment goals. If you are more risk-averse, you may want to make more frequent DCA entries. If you are more aggressive, you may want to make fewer DCA entries.
The amount of each DCA entry will also depend on your risk tolerance and investment goals. If you are more risk-averse, you may want to start with a smaller amount per DCA entry. If you are more aggressive, you may want to start with a larger amount per DCA entry.
It is important to be patient and disciplined when DCAing into Disney stock. The market can be volatile, so there will be times when the price of Disney stock falls. However, if you are patient and disciplined, you will be more likely to achieve your investment goals.
