Wednesday, 21 October 2015

DIS - relentless force strength

Whilst the broader market closed moderately lower, there was once again notable strength in Disney (DIS), which settled +0.2% @ $110.09 (intra high 111.56), the highest level since the earnings collapse of August 5th. There will be some strong resistance in the 111/115 zone.

DIS, daily

DIS, monthly


*closing daily candle is a black-fail.. and that is usually bearish.

Little to add.

DIS is one of the top 3 leader Dow stocks... and as the Star Wars hysteria builds... how could DIS not broadly rally into year end?

Bullish Sith