DIS back to $147 by late Oct

Disney has formed an ascending triangle and has settled on support. ATM Disney is at a great buying point. Look for a retest of $138 and a breakout above these levels to $147 in the coming weeks

Kommentar:

DIS has broken to the bottom side of the channel, so $126 is my new buying target. I am still bullish on DIS, but right now the overall market is in wave C of a correction according to Elliott Wave theorists. I am not looking long any positions until early Oct.