Last time we looked at Disney $DIS, we noted the good recent positive announcements, but also warned of a channel resistance right around 106. DIS Daily Chart(click to enlarge)Resistance:- The daily chart shows that DIS indeed found sellers as it rallied sharply to 106. Note that this channel resistance was reinforced by the 200-day simple moving average.- Now, as price retreats, I think the 100-102 area will be interesting.- If price finds support here, I would look for a potential break above 106, which would signal further upside to 116.- For now however, the mode is still sideways/bearish.- If price breaks below 100, it would look even more bearish, and the 2017-low around 96.20 would be in sight with potential of even more downside if price does get to this low.