octradr
Long

Disney going places

BATS:DIS   WALT DISNEY COMPANY (THE)
91 4 0
Disney has been going up for many years now. It started consolidating in the middle of may and formed a quazi pendant pattern. It just broke out of its upper resistance zone and considering the overall long term trend up I would open a position and buy DIS. Support is around 64 with a price target of 74. Happy trading.
Taking the profit. It looks like it is going into another trading range. Still overall bullish it's just taking longer than I would have thought. I wouldn't worry if you got in at 64 and are a long trader.
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This may be a great time to get in. Place stop around 63 and see what happens. If the 64 support holds it could be great. Well worth the risk.
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This is a good time to get in.
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Lets see if the support around 64 holds.
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