Reallifetrading
Short

DIS analysis post earnings - pre market

NYSE:DIS   WALT DISNEY COMPANY (THE)
Right now, DIS is gapping down. Leda R "DIS down on earnings after hours Beat estimate so the forecast of the lost ESPN subscribers must be bad."

If DIS opens in this zone tomorrow morning, IT appears to me, to be very bearish . I'm expecting DIS to likely make it's way down to the 200 SMA on the weekly chart, (around $80)

This doesn't have to happen today obviously, but depending on the open, swing trade/day trade sentiment likely bearish .
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There's a weekly fib and a strong support at 84.47, I would expect price to determine a direction there.
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Let's see if it can roll over into there.. : )
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