DIS - turning back upward

Whilst the main market closed significantly higher, there was notable strength in Disney (DIS), which settled +1.6% @ $115.34 (intra high 115.46). Near term outlook offers upside all the way into early 2016. A break above the Aug' historic high of $122.08 looks due.


DIS, daily

DIS, monthly

Summary

The daily candle is of the inside-day type.. offering a clear turn. Will need to see the $116s on Wednesday to confirm.

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*I am long DIS from yesterday (IN @ $114.00).. seeking the 117/118s before the Friday close. I'll try to trade in/out of DIS in the months ahead.
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Broadly, DIS looks set for the 120s.. and far.. far higher.


.. and lets not forget the Star Wars hysteria that is set to go exponential in a few weeks...

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The fans are not going to just see this movie once... they'll be there once a day for a few weeks.
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It would seem some are even more bullish about DIS/Star Wars than yours truly :)