The Long Investor

$DIS TOP 20

Added 2025-05-04 18:25:47 +0000 UTC

$DIS reports on Weds before the market opens and so far the price has been holding above the blue support line which is also the Covid Low support and is slightly below the 0.618 Standard Fib support level.

Wave C can complete at the blue line, there is no issue with this....but the moving averages with a rejection are showing that more downside is possible and Wave C does typically make a lower low, below the Wave A support level....so right now we can not rule out a test of the $54 level.....making $DIS look very similar to $NKE.

$DIS's fundamentals are stronger than $NKE however, so a test of $54 and holding would be a strong opportunity.