I'm going to try to trade my way out of the entertainment giant as I'm out of patience with the soon-to-be Paramount Global.
The entertainment giant's chart formation suggests a nice move higher, though it still must clear a couple obstacles.
If we can just keep this darned virus from re-imposing itself in a big way, Disney is indeed, on its way.
Here's the next logical price target.
NFLX is growing, but it's not a 'growth' stock and had been priced like one. That's over.
What are the technical reasons to buy the stock?
There are numerous reasons why I selected DIS, and the day that nobody lives in fear of the pandemic any longer... everyone is going to Disney World. I mean everyone.
Traders who like to combine fundamentals and technicals could probe the long side of T.
I still think this is a $200 stock. Apparently so do several five star analysts.
It's interesting that DIS has not broken its May low.