I personally like Disney is going to last even when im not here in this world, but the problem with dis is, that i would take a lot of time to probe that the new direct to consumer platform actually works, lets be honest, yes NFLX is overvalue and dis is undervalue, but NFLX has been in the market a lot of time, and yes, dis has 100x better balance sheet but people still go home and watch nflx not disney plus. and if people actually do it would take years to gain market share. thats they reality.
for the current market conditions, if you are long the stock take profits, i see a strong support $112.00 and strong resistance $120 that has not been broken since 2015. but honestly i see also could potentially fall to $105-110 before making new highs. if you are long maybe is time to tame some profits.
But if you are short maybe you could enjoy some money!
for the current market conditions, if you are long the stock take profits, i see a strong support $112.00 and strong resistance $120 that has not been broken since 2015. but honestly i see also could potentially fall to $105-110 before making new highs. if you are long maybe is time to tame some profits.
But if you are short maybe you could enjoy some money!