Disney is trading in a uptrend since 2009, and now is a nice time to join it.
Price tested a suport zone and also a bullish trend line .
Price makes also 2 bullish pin bar in last 2 days.
I believe price will continue move up in next weeks/months.
Hi Will Wong, at this moment, Disney have a nice suport at 76,6$ level, in my opinion will only must take some profit it price brokes down this suport level.
While price is trading above 76,6$ suport level it have space to continue going up.
Looks like you are right. This morning JP Morgan included DIS as one if its 7 best consumer stocks and DIS shot up. Thanks for chart. All the best! How is weather in Portugal. It is cold here in the States.
We could be wrong. Today painted a spinning top which means the bears and the bulls are cancelling each other. Basically indecision. The SPX is painting a double top. Next week could see a correction. RSI for DIS is high but not overbought yet. Let's wait.
Monday is going to be very critical. Today it gapped up. If on Monday, it gap down and stay down, then we would have an abandoned baby candlestick pattern which is bearish. Be careful! Have a great weekend.