A lot of the legacy sector lectors that we follow that have been beaten up over the last few months had a great week, as superinvestors revealed their new positions and this brought attention back towards other stocks that may be offering value
$SBUX also changed their CEO and this acted as a turning point for the company
Some suggested that $DIS may do the same
Either way, the value hunters liked that $DIS found support on it s 0.887 Fib, on top of the Buy Zone and the price jumped from $83 to $89
No pull back here yet but we do have a smaller higher low.
Price is still below important moving averages but if you like $DIS to hold for long term, the R v R does not look bad here
We will be watching for the start of a new impulse wave over the next few weeks.