CatB
Short

The growth DIS shares will be over soon?

NYSE:DIS   WALT DISNEY COMPANY (THE)
15 0 1
I strongly believe that the trend will more likely persist than fade out. And I always try to adhere to this principle in trading. But when looking at an incredible bullish trend in DIS it seems to me that the fairy tale won’t last for long. The stock will come up against the strongest resistance level at USD 98-100. I recommend bullish-minded investors to take profit at this mark. Even if the stock goes up further, it will exit the forecasting zone for a couple of months. This is the way it will be until the stock reaches new highs. I think that it is inappropriate to hold an unpredictable asset amid an overall overbought market.

Playing DIS to the downside is possible after the stock breaches the 2011-2012 rising trend (roughly at USD 90).

Please vote for my forecast as I am taking part in the Best Stock Market Forecaster contest: http://s30771535756.whotrades.com/blog/43756762914
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