Walt Disney Co. (DIS): Reach for the Sky!

SUMMARY

Here is the weekly chart for Walt Disney Co. (DIS) showing a very nice primary degree of trend impulse waves 1,2,3 as complete. That leaves waves 4 and 5 which means much higher prices are ahead for Disney.

It's quite interesting to see that wave 4 is a symmetrical triangle (blue lines). The subwaves of the abcde are complete. That means two things. First, the lower blue support line needs to hold from any decisive breaching. Second, there is a strong likelihoo of price move up in a five wave impulse, as subwaves of a higher degree of trend wave 5. That could bring DIS to >$150 or so.

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