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AlvinAloysiusGoh

Head and Shoulder

Short
Walt Disney Company (The) (NYSE:DIS)  
AlvinAloysiusGoh Updated   
NYSE:DIS   Walt Disney Company (The)
Chart Patterns
5
0
chartpattern
Looking at the daily and weekly charts, both have depicted a Head and Shoulder formation with the neckline broken. Possible movement back to 120 area.

Just a newbie's view and not to be taken as a trade setup, pls do your own DD...thanks for your comments.
Comment:
Seems that the market is all ears and eyes on the coming DIS earning calls. As you can see, vol is low and candles small. Nothing much to shout about at this point as DIS trends around the neck area.

DIS is a popular brand name globally and feel that it is still a good buy in the longer term. Pls do your own DD. Thanks
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