Wednesday, 5 August 2015

DIS - pre Star Wars upset

Whilst the broader market saw some moderate swings, there was severe weakness in Disney (DIS), which snapped lower after earnings, settling -9.2% @ $110.48 (intra low 109.50). First target is the big $100 threshold, with secondary target in the gap zone of 98/93.

DIS, daily

DIS, monthly


To be clear, I am long term bullish on DIS, it is one of my top four Dow stocks (the other three are AAPL, BAC, INTC).

DIS looks set to have further downside into early October.. but then upward into year end.. not least helped with the Christmas release of Star Wars VII.

Bullish... the force.