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DIS Likely to Form a Bullish Breakout

Written By: ChartChamp

November 14, 2024

DIS is trading 8%+ higher today after reporting strong earnings. I think DIS is trading near a historically low price level, and I view this as a long term investment setup. Last year I posted a DIS entry around $79, the price has climbed up quite a bit over the past year. I still think the current price level is cheap. DIS has been trading in a range between $79 and $119.55. I think there will be a bullish breakout above $119.55 for DIS to start a long-term uptrend. DIS is a long term investment for me, I plan to hold for many years.

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