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Long

Walt Disney -Long Only?

NYSE:DIS   WALT DISNEY COMPANY (THE)
116 0 21
The king is dead - Long live the king :-) Will we see a "Buy on bad News-Move"?
The longterm Setup is clear bullish - DIS just knows one direction....upwards!
Since August 15 we see a big consolidation Zone, which reaches from 85-120$.
Perhaps we now could see a test of the range`s upper edge @ 117$.
Above the last Big Highs, Longs are getting very interesting. Thinkable is a pro-cyclical stoppbuy @ 120-125$ with longterm TP @ 180$!
Let`s wait and see :-)

In my Chart i illustrate the thinkable longposition.

Good luck!
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