Could Disney (DIS Stock) rise towards the 120 level?

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Today’s instrument is Disney’s stock traded in NYSE under the ticker DIS.

Looking at Disney’s past weeks chart, we can see that it has been in an uptrend in the past month, and that it was lastly traded at around $111.70.

Lat night, after the market had closed, it announced better-than-expected quarterly earnings and today we should expect its stock price to rise towards its resistance level at $120.