I am reading Bob Igers book right now, the CEO of Disney and it is hard not to be bullish on $DIS long term when you read his history and character.
The fact remains, the price is back to its 0.887 Fib, the last Fib support before the Covid Low is tested.
We know what happened at $78 in late 2023 when this level was tested, an Inverse Head and Shoulders pattern formed and the price jumped to $123, almost 50%.
If $78 is tested again or a hold here at $83, this is attractive to add for long term.
I believe they will continue to be around for many years to come.