Thursday, 3 November 2016

DIS - another day closer to Rogue One

Whilst the broader market saw a day of moderate swings, there was notable strength in Disney (DIS), settling +1.6% @ $93.37. Even if sp'2070/60s, DIS should be able to hold the recent low of $90.31. More broadly, further upside above the 200dma looks viable within the near term.

DIS, daily

DIS, monthly


Suffice to add, relative to the market, Disney had a particularly strong day.

First support is at the recent low of $90.31.

More broadly, if the broader market can rally once the election is out of the way, first big target for DIS is the 200dma in the $96s, and then the price gap zone of 102/106. Certainly, the latter still seems within range before year end, not least if the market can break new historic highs into the sp'2200s.

*Q3 earnings are due Nov'10th, AH.


yours... still bullish X-wings