Thursday, 22 September 2016

DIS - a second daily gain

With the main market closing broadly higher for a second consecutive day, there was similar strength in Disney (DIS), which settled +1.1% @ $93.41. Declining resistance is currently in the $95s. A break above the psy' level of $100 looks a given before year end.

DIS, daily

DIS, monthly


*it is notable DIS is currently net lower for a fifth consecutive month.

DIS continues to lag the main market, but it won't take much of a multi-week up wave to break above a few key aspects of resistance.

A challenge of the May 2016 high of $105.98 looks extremely probable before year end.

Next earnings are due in early Nov'... just before the US election.