In the recent 3 years, Walt Disney stock price (NYSE: DIS) hovered between $120 and $90 without any real trending momentum. Last year, we looked for a potential break to in Disney based on few scenarios which seems to be still playing out.
Taking a look at the weekly chart, we can consider the 3 years as a consolidation period of time after a strong 6 years of rally. Therefore, we expect the stock to do a breakout to the upside following this bullish flag type of structure.
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