Nobody is watching the Disney Channel anymore (the green trend channel on the chart). DIS is now playing in a new Disney+ channel.
Stock is overbought on RSI indicator, but DIS just won't chill. People don't realise but DIS is in two boats (and a cruise line): Boat 1: "recovery stocks" given the parks and cinematic revenue Disney is known for. Boat 2: Tech / Streaming! When we talk about "sector rotation" just think about why Disney sees very little of that rotation fatigue.
I feel DIS still has huge upside, but it WILL cool off first. If you are looking for a starter position, I would target $183 as an initial entry. $160 range would be a goldmine entry. As predicted in my previous analysis, we saw the $160 touch in Jan2021. But for now, Mickey Mouse is on the run!
My May 2021 earnings target: $220+
Good luck traders!
Stock is overbought on RSI indicator, but DIS just won't chill. People don't realise but DIS is in two boats (and a cruise line): Boat 1: "recovery stocks" given the parks and cinematic revenue Disney is known for. Boat 2: Tech / Streaming! When we talk about "sector rotation" just think about why Disney sees very little of that rotation fatigue.
I feel DIS still has huge upside, but it WILL cool off first. If you are looking for a starter position, I would target $183 as an initial entry. $160 range would be a goldmine entry. As predicted in my previous analysis, we saw the $160 touch in Jan2021. But for now, Mickey Mouse is on the run!
My May 2021 earnings target: $220+
Good luck traders!
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Disclaimer
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.