Walt Disney Company (The)

$DIS - Nearing a flag breakout!

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DIS There is a good chance that Disney could break out of the flag it's been trading inside. My analysis and targets from Dec 14, 2023, remain unchanged.

The stock needs to get above $96 resistance for a chance for further upside.

A golden cross, MACD bullish crossing, RSI positive turn all support the bullish momentum behind the stock, suggesting a potential flag breakout.

The upside targets stated in my previous post:
$96
$104
$108
$120

Downside risk:
$85

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