Thursday, 8 December 2016

DIS - the force remains strong in Disneyland

With US equities breaking new historic highs, it was another strong day for Disney (DIS), which settled +2.1% @ $103.36, the best level since early May. Near term outlook threatens a cooling/retrace, but broadly, DIS looks set to eventually break new historic highs >$119 in 2017.

DIS, daily

DIS, monthly


Suffice to say, Disney is broadly bullish.

First target is a year end close somewhere within the 105/107 zone.

Any price action in the 107s will offer a test of the upper monthly bollinger - $115, by earnings in early February. An eventual break above the Aug'2015 high of $119 looks a given, as the broader market is super strong.



Bullish Rogue one