DIS Not much in terms of technicals or patterns despite fintwit drawings of tiny flags on the 30 min charts and 3 month long channels that don't make much sense to me.
There is speculation that
DIS will be submitting plans to reopen their parks this week. (Link attached) I believe this news is going to be good enough to keep stock supported at its current levels. This could turn into a "buy the rumor sell the news set up" as there is still a gap to be filled. Stock prices will be very dependent on the following:
1. If plans are actually submitted
2. If Universals plans of full reopening on June 5 are smooth and the sentiment that follows (can spook investors about
DIS reopening) WILL BE WATCHING FIB LEVELS HERE. mynews13.com/fl/orlando/attractions/2020/05/22/disney-world-could-submit-reopening-plans-next-week
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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.