Will Wong
Long

DIS: A Momentous Moment on Thursday 4/11/2019 Investors' Day

NYSE:DIS   WALT DISNEY COMPANY (THE)
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DISNEY + Streaming announced at $6.99/month, a substantial discount from NFLX's current $13.99. Coming on the heels of the completion of the FOX merger, Friday's gap could be a breakaway gap.Nevertheless, DIS is overbought and a pullback should be expected. Question is how deep? I would back up the truck at the next pullback.
Comment: Made a mistake in the initial post. It is not a wave 2 but a wave 3 so a retracement of 23.6~38.2 is more likely to happen.

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