$DIS Analysis, Key Levels, and Targets

Jun 15, 2022

DIS Analysis, Key Levels, and Targets

Here’s a fun look at DIS…. we are about 53% off of the highs… The light blue dotted line is the 200MA imported from the monthly chart. It sits at around $77 at the moment…. I’d say that right here is a descent place to start a position, but if it gets nearer to the monthly 200MA I’d go in heavier….
All of my targets have been hit except for 1 which would fill the covid gap, and I could see a nice swing happening from there….

Stupid Willy (The bottom indicator) is starting to read extreme oversold and a green cross above the red line would be my long confirmation…

And just for historical reference, in 07-09, DIS came down 57% off of the highs (which we are getting close to) and it also went 38% below the 200 monthly MA once it crossed below….
In 2000-2002, DIS came down 68% off of the highs... So keep all of that in mind when building your DIS position…. Just because it’s cheap doesn’t mean it can’t get cheaper…
However I do believe that the around the 200MA level will hold, and that between here and there is a great buying opportunity…