CatB
Short

The growth DIS shares will be over soon?

NYSE:DIS   WALT DISNEY COMPANY (THE)
14 0 0
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
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out