Thursday, 27 August 2015

DIS - clawing upward

With the main market significantly higher for the second consecutive day, Disney (DIS) settled higher by 3.0% @ $102.19 (intra high $102.62). There is high threat of a moderate retrace to the 100/98 zone..before resuming higher to the initial break in the 112/110 zone.

DIS, daily

DIS, monthly


Suffice to say...  DIS looks due near term weakness.. but renewed upside next week.. and probably into mid Sept.

*I've never traded DIS, but do keep a close eye on it.. not least as it is a leading DOW constituent.