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Will_Wong

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

Long
Walt Disney Company (The) (NYSE:DIS)  
Will_Wong Updated   
NYSE:DIS   Walt Disney Company (The)
Wave Analysis
4
0
waveanalysis
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.

snapshot

Related Ideas

Will_Wong
DIS: Two wave iv targets shown. Fib 38.2 and A=C
Will_Wong
DIS: One more leg down to complete wave 2. Three possible TGTS
Will_Wong
DIS: Post wave 5 Correction is close to completion.
Will_Wong
DIS: Broke clear of the Wave 4 Triangle. Retested and Passed.
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