10.07.2015 - The price of Disney continues to grow

The stock price of Walt Disney Co. corrected down after reaching the upper limit of the upward channel, and may soon fall to its lower boundary and the level of 112.00. In case of a fall, the signal for opening short position will be fixation of quotations below 108.50. According to our forecasts, the price will continue to fall to the levels of 120.00 and 126.00 in the near future. Our medium-term outlook is positive and we recommend buying the company's shares with the stop below 108.00.

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