Shorting DIS doesn't last long, one thing I've learned is to never short the mouse! the Mickey cult is ridiculous. Good reversal today, bounce right off my .786 at 167.98. The only reason we went down yesterday was because the price downgrade but Bears premiums were crushed today. We could see another leg up to 188.50 by next week. Potential price upgrade tomorrow could help this momentum carry, on top of the great plans Disney has with marvel and Disney+. Great things in the future for Disney and once parks open up ill be super bullish.
My plan: 180C 12/24 (great OI and Vol)
Key levels: Support: 169.29, under 165.36 i can see a bounce near 163, Resistance 177.47
@KodiKopi, 180 possible with some type of news, loves to consolidate for a week or 2 and have an impulsive move, hit most of my support levels so my 180 is invalid at the moment i can see 75 but 80 would be tough with the market sentiment now
jUiCE_Trades
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@jUiCE_Trades 175 hit, can see 180 by 1/15 at the latest
dmcm10
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165 by friday and then to the moon
jUiCE_Trades
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@dcmcmillen10 yah I have my major wave count going to 163 but with the marvel + dis + catalyst and price upgrade we got today we might not see that anytime soon, currently I’m seeing it in a flat wave 4 minor correction under 170.45 would invalidate that and we could see 165
tay_tay86
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@jUiCE_Trades, I am in agreement with you juice. I am setting a stop loss to 170 since it would break the trend and will buy back in lower.