I expect DIS to consolidate or start the drop during the last week of December.
I look for a low to be formed by week of Jan 11, 2021 (target 153-160). Alternatively, with positive market conditions, we could see a final rally to 185 in Jan, before the drop to 153-160 in Feb 2021 close to earnings.
EPS still negative, so I don't expect earnings anticipation to prove to be a positive catalyst at this stage.
Good luck!
I look for a low to be formed by week of Jan 11, 2021 (target 153-160). Alternatively, with positive market conditions, we could see a final rally to 185 in Jan, before the drop to 153-160 in Feb 2021 close to earnings.
EPS still negative, so I don't expect earnings anticipation to prove to be a positive catalyst at this stage.
Good luck!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.