DIS is forming a falling wedge following a strong uptrend. MacD is still bearish and stock is not oversold on the RSI; therefore, I expect further consolidation before a volatility breakout occurs. Wait for a clear break in upper resistance before going long. Price target of ~$128.
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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.