Support 1: 130.77                  Resistance 1: 142.55

Support 2: 126.46  

Walt Disney’s strong bullish move can be seen from the strong price gap up in April 2019. Although the stock did not make any new highs, there is a new higher low being formed into an ascending triangle, which is a high probability bullish breakout pattern. To further solidify the bullish sentiment, another smaller ascending triangle is formed within the bigger triangle, further proof that the consolidation is waiting for a strong breakout.

Another point to note is that the multiple testing of the resistance high further weakens the resistance level and therefore, the breakout will most likely to be very strong.   

*Should the stock price fall bellows the support zone 1 of 130.77; then the stock might extend beyond 126.57.