I See Disney Further Up by 25-30%
Walt Disney (DIS) shares were in a downtrend from March 2021, declining by 61.0% to $78.69 in October 2023. Since then, they mostly traded sideways, but in April 2024, share prices rose to $123.90, marking a notable jump; however, the downtrend resistance held firm. Prices then dropped to $83.86 before rebounding to $97.53. Finally, they have broken through the trend resistance and are now on an upward trajectory. Shares gained 4.8% to reach $100.83 in November, with further potential for growth of 25.0-30.0% to $125.00-130.00 per share.
I am planning to open a long position from $97.0-102.0, with a stop set at $77.00.
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