DIS: Will continue to trend down
Aside from a number of negative technical indicators, unless there are major fundamental changes in Disney, customers will continue to become fed-up and frustrated with Disney's stance on how it produces content. While Disney's moat is no doubt large, this only means the breakdown in confidence will only be slower moving, yet assuredly it is weakening.
Should this trend continue, I think it is not out of the question we find support in the mid 40s in the coming year or so.
Should this trend continue, I think it is not out of the question we find support in the mid 40s in the coming year or so.
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