The Walt Disney Company $DIS has been consolidating since its bullish push in the first half of the year. After pushing into another high around $147 in July, Price started to retreat. So far, there is a support in the $130-$132. This is going to be a key neckline, and if price falls below this level, DIS would probably be in a bearish correction mode. DIS Daily Chart(click to enlarge)Head and Shoulders:- On the daily chart, we can see a head and shoulders pattern forming, with the $130-$132 area as the neckline.- Note that there was relatively strong volume accompanying last week's bearish push towards the neckline. - We might still see some short-term support here above $130, but I am anticipating an eventual break.Buy the Dip?- For me, DIS is a buy-the-dip candidate. If price retreated $120, I would be looking to add exposure. I currently have a small position just above $130. - The $116-$120 area is a previous resistance area, which I believe could turn into support. - I believe so because the long-term trend is bullish and DIS essentially broke above a multi-year consolidation in 2019 - it is entering another bullish trend.DIS Weekly Chart(click to enlarge)