Disney $DIS has been sliding sharply since making a high on the year back in early November around $120 a share. At the time, the equities in general started to fall, and eventually DIS halted its bullish push as well. On the daily chart below we can see that after consolidating under $120 and above $110/$112 it finally capitulated in the last couple of weeks. DIS Daily Chart(click to enlarge)- As we round out the year, I think DIS might have some more downside, but it will probably be limited to $100 as we see a rising trendline support around $102.- Still, with such a bearish market sentiment in general, I think the upside in DIS in the short-term is around $110-$112, where there use to be support.DIS Weekly Chart(click to enlarge)Consolidation:- As we can see on the weekly chart, DIS has been in consolidation mode since 2015 when it charged to an all-time-high just above $122.- This has been the "coiling" type of consolidation. - It looked like the market was uncoiling upwards - signaling bullish continuation.- I think general market risk kept DIS in consolidation, and the latest dip has to do with end-of-year flows. - But I think the market will re-establish positions in DIS eventually around or above $100. - If I am wrong, I would look for the next support to be around $90, which would be the bottom of the multi-year consolidation. *Disclosure: Just opened a small position around $105, looking to average in down to $90 if that materializes.