Disney is looking prime for a push back to highs with tailwinds of news flowing in. Park reopening's are a bright spot in the push back to a bit of pre-pandemic normalcy and looking optimistic with strong streaming numbers continuing to reinvent the mouse.
Technically we see Disney holding a macro uptrend even through recent market chop and a nice hold of the 50 SMA. Overhead resistance looks to begin near the 20 SMA and continue into the shaded zone where we have influx of volume creating areas of buyer side resistance. Today was a nice day to solidify a continuation to the upside, but as always overall market volatility can be a major factor in continuation of movement.
In Moes we got in 2 days ago.
Time for the mouse to give a little back from those outrageous ticket prices.
Technically we see Disney holding a macro uptrend even through recent market chop and a nice hold of the 50 SMA. Overhead resistance looks to begin near the 20 SMA and continue into the shaded zone where we have influx of volume creating areas of buyer side resistance. Today was a nice day to solidify a continuation to the upside, but as always overall market volatility can be a major factor in continuation of movement.
In Moes we got in 2 days ago.
Time for the mouse to give a little back from those outrageous ticket prices.
Trade active:
Still holding a 190 call looking for a price target of 195. Hitting that 20 SMA resistance. Looking more and more bullish and ready to pop!
-Pump
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