Where is the bottom on DIS?
Potential bottom forming for DIS as the sell off continues to slow. 1st and 2nd support in blue. Subscriptions to Disney Plus continue to grow and the new streaming service is a huge source of rev for the company. Disney now offers the "Disney bundle" which includes Hulu and ESPN+. In November, Hulu app downloads were up 55% and ESPN+ app downloads up 50%. ESPN+ is the primary provider for UFC fights and McGregor's return has surely boosted those numbers since. The question is where does the selling stop. Keep a close eye.
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