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Disney (DIS) in a Bullish Breakout

The share price of Disney $DIS has been struggling this year, but it might be making a recovery entering the new year.

Disney Daily Chart

(click to enlarge)

Bearish Channel:
- The daily chart shows that price was in a bearish trend since May 2017. 
- Price fell from 116.14 to 96.22 but then rallied after a price bottom.
- We can also see that price has broken above the falling channel resistance.
- It looks like price is ready to continue back up to the 116 high. 
- Looking forward, when there is a pullback, the daily RSI should hold above 40, and price should stay above 102.
- A break below 100 would probably NOT happen in a bullish scenario.