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


Summary

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.