Going long on Disney based on a few factors:
Launching their own streaming service
Avengers Endgame at the end of this month
Earnings on May 8th
Ascending triangle shown on chart
I think that based on those factors we'll see a retest and break of $120, afterwards we'll see price discovery in the upwards direction.
Going long on Disney due to several factors:
Disney streaming service launching April 11th
Captain Marvel and Avengers Endgame revenue
May 8th Earnings
Ascending triangle as shown in chart
I think we'll break the all time high of $120 based on these factors, which will then lead to an upwards price discovery.
