DIS is at critical support. If $93 breaks, $80 is possible which is pandemic low. RSI and Stochastic are in oversold territory.If $93 support hold, it can bounce to $100 which will act as resistance.
Bearish target - $80
Bullish target - $100
Remember $80 is when parks were shut down and no one knew when they can reopen!
NOW, with all the parks opened and increased Dis+ subscribers, espn with all sports playing and soon betting option, are investors giving the same value as when the company had zero income during covid.
Negativity has become too extreme!
----------------------
Disclaimer: Not investment advice.
If you like this post, follow me and subscribe to my posts for more technical analysis charts (FREE).
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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.