tradeseek
Short

Double Top On Disney

NYSE:DIS   WALT DISNEY COMPANY (THE)
Looks like a double top in Disney. Fundamentals of the company are very solid, and with Star Wars release, I am not sure if this will play out. If not a double top , could be a good buying opportunity at the resistance. I will be buying some puts here and will consider going long on the stock itself if it holds support line and bounces back.
looks like you were wrong will. the stock will bottom at around $79 or so, then resume the bull run.
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Looks like a possible double zig zag correction to me. If so, this is the final leg down of the second zig zag.
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