DIS long on steady price increase and increasing volume
DIS increased today steadily, correcting slightly, the continuing up, and flattening at the top.
Volume has been increasing slightly the past 4 days, but still below the 20-day MA.
The last 3 days, the closes and opens were tight. This indicates a brief pause, and that owners are not willing to sell at a lower price. The recent run indicates the strength of the buyer.
DIS is a fundamentally strong company with lots of great things in the pipeline. I am confident DIS continue to go up for the next few weeks.
Volume has been increasing slightly the past 4 days, but still below the 20-day MA.
The last 3 days, the closes and opens were tight. This indicates a brief pause, and that owners are not willing to sell at a lower price. The recent run indicates the strength of the buyer.
DIS is a fundamentally strong company with lots of great things in the pipeline. I am confident DIS continue to go up for the next few weeks.
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