Disney has been going up for many years now. It started consolidating in the middle of may and formed a quazi pendant pattern. It just broke out of its upper resistance zone and considering the overall long term trend up I would open a position and buy DIS. Support is around 64 with a price target of 74. Happy trading.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.