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May 11 2020 - the day when Disney Shanghai will reopen. This will drive the pent up demand that the chinese people have been cooped up at home for months in China. I believe many will come to Disney Shanghai and give it a good boost to its revenue.
On the chart, we can see there are 2 support level. One at 98.73 and the other at 92.31. These are levels that it could rebound.
However, if market does not allow it, then we can expect the price to break down from 92.31 level and move to close the gap from 87.18 to 92.31 level.
So, be a little patient to catch this stock at a much lower price.
May 11 2020 - the day when Disney Shanghai will reopen. This will drive the pent up demand that the chinese people have been cooped up at home for months in China. I believe many will come to Disney Shanghai and give it a good boost to its revenue.
On the chart, we can see there are 2 support level. One at 98.73 and the other at 92.31. These are levels that it could rebound.
However, if market does not allow it, then we can expect the price to break down from 92.31 level and move to close the gap from 87.18 to 92.31 level.
So, be a little patient to catch this stock at a much lower price.
Note
oh, beautiful, it went back up into the bullish trend line, making the drop a false breakdownNote
npr.org/sections/coronavirus-live-updates/2020/05/08/852661423/shanghai-disneyland-sells-out-of-tickets-for-post-shutdown-reopeningWow, sold out tickets !!!! The pent up demand will be fast and ferocious.....this is good for China
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edition.cnn.com/2020/09/08/media/mulan-controversy-xinjiang-credits-intl-hnk/index.htmlNow that their theme parks are fully operational , the other theme parks elsewhere would want to learn from them how they manage the safety operation in terms of Covid-19.
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reuters.com/article/us-disney-parks/disney-appeal-to-california-its-time-to-let-disneyland-reopen-idUSKCN26D2THWATCH the gap at 118 level
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Praise the LordNote
Praise the LordNote
praise God as we see more opening with the recent one in Beijing
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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.