The Long Investor
patreon
$DIS TOP 20
🕑 Added 2025-05-18 18:57:15 +0000 UTC$DIS had a strong week and we can see that there is yet another bounce back up to the 200 WMA this week and has met resistance, this is the 5th time at this MA since November but the price action did finish the week above this level this week, which also happened in early Jan '25 too.
Price will need to convincingly hold above $110 to confirm that the consolidation range has now broken out
Buffett also revealed this week that he has been adding one position and asked to withhold this information until he has completed more accumulating....he did this with $CHUBB last year too
There is some speculation that $DIS is this new stock....fundamentally this would align with Buffett's selection but I think $DIS would need to commit to a strong share buy back program to get Buffett onboard, which I think is a possibility
On the chart, holding above $110 will reduce the risk of another drop down to $78 but until then, we can't rule out Wave C playing out
