rlim
Long

DIS long on steady price increase and increasing volume

NYSE:DIS   DISNEY WALT CO
44 3 1
DIS increased today steadily, correcting slightly, the continuing up, and flattening at the top.
Volume has been increasing slightly the past 4 days, but still below the 20-day MA.

The last 3 days, the closes and opens were tight. This indicates a brief pause, and that owners are not willing to sell at a lower price. The recent run indicates the strength of the buyer.

DIS is a fundamentally strong company with lots of great things in the pipeline. I am confident DIS continue to go up for the next few weeks.

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rlim
$DIS back in the box
rlim about DIS 2 years ago
rlim
2 years ago
Follow up:
Very bearish day for DIS. Very bearish candle which closed near the lows. Trended downward w/ barely any retracement until the end.
It stayed above the support of 104.50, which served as a previous resistance last week and a support 2 days ago.
I will be bearish if DIS closes below 104.50 tomorrow.

snapshot


Bullish signs support will hold:
On 1hr and 4hr chart, showed a kangaroo tail at the low.
On 1 hr chart, last candle closed above the kangaroo tail.
On 1 hr chart, the volume is significantly higher on the up ticks
On 1 day chart, volume today is lower than yesterday
snapshot


I didn't see any negative news for DIS, so I assume that today people were taking profits.
DIS did have a nice run up recently.
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rlim rlim
2 years ago
Another down day.
Market did jump up in the beginning of the day, however it was not able to hold the reversal and continued back down.

I am speculating a combination of shake-out + profit taking + don't want to hold over the weekend, especially with the strong downtrend the last 3 days.
In the last hour of trading, volume spiked.

If trend continues Monday, I conclude my speculation was wrong, and there is something bigger going on and I should get out.

snapshot
Reply
rlim rlim
2 years ago
$DIS broke above 106, but on lower volume than previous day.
General market is -.5%.

Waiting for stronger confirmation. Continue on higher volume, or retest 106 as support.

snapshot
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