If DIS holds the 97.50 demand area, I’m entering some long positions with a target of 110. It has tested the above supply few times now and I think it has a good chance of buyers overcoming sellers on the next attempt. As always, going to watch how price acts and ideally would like price to dip into the demand zone to grab some more buyers.
Dates in the future with the highest probability for price direction reversals
DIS BUY 139 SL 134 TP 165 RR 5.2 MA200 and tramline support
Disney popped aggressively on the launch of their new streaming service that captivated a large audience and took away from other streaming competitors such as Netflix. Disney has yet to report an earnings report with their Disney + addition and there is more upside to come over the next few months. Where should one look for longs on Disney? Based on pure...