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