The media giant's technical signals hint at an upside move in its stock.
DIS is one of the best in creating worlds. That separates it from other media companies.
Do I think the shares go higher later? Probably.
Although I don't want to make it a large play, I'm thinking a small risk reversal using spreads might be worth a shot.
It looks like Apple once again is proving itself to be a buy-and-hold security.
Let's see how the charts are looking now.
Charts are still bearish and the downtrend is not over.
What I need to do is wait for a 'TRIGGER' that tells me that it's worth placing a bet against any of three support zones.
Given Apple and Disney's aggressive pricing structure entering the streaming arena, Netflix's ability to increase prices is now threatened.
Let's take a fresh look at the charts.