Walt Disney's New Streaming Service: A Magical Disruption?
I picked up some shared of Walt Disney last week when I got tired of waiting for Netflix to rebound, and I suspected that the announcement of the Disney+ streaming service had the potential to rally their stock and possibly sink the competition temporarily. I had no idea how right I was, but I made sure to double my holding that morning and it immediately paid off by the end of Friday!
I strongly recommend getting on this as this appears to be an opportunity for DIS to look like NFLX did earlier this year riding high on expectations. Ride it as long as you can, and beware the Greater Fool Theory. Quite literally all possible technical indicators are looking great, and the only downside is that the RSI and short interest appear to be oversold. However, the insanely huge volume spike on Friday is the strongest indicator that this rally trend is just starting to get onto the highway.
I strongly recommend getting on this as this appears to be an opportunity for DIS to look like NFLX did earlier this year riding high on expectations. Ride it as long as you can, and beware the Greater Fool Theory. Quite literally all possible technical indicators are looking great, and the only downside is that the RSI and short interest appear to be oversold. However, the insanely huge volume spike on Friday is the strongest indicator that this rally trend is just starting to get onto the highway.
Comment:
Ugh, I meant overbought, not oversold, but I apparently have a very short countdown timer between when I write up an idea and when TradingView publishes it and prevent my further editing it.
Trade closed: target reached:
DIS may continue to rally, but I'm taking my profit because it looks like they're topping out and I want to put that capital elsewhere for now. Maybe I'm impatient, but only time will tell.