Disney Long (Believe the Mouse!)

Been side trading in the 180-190 range for a couple of weeks, creating a wedge and we should see a upside soon.
support region at the 50MA - 185.5 & 100MA 175.
Long position due to;

1)COVID recovery play / hybrid business model consisting of traditional & streaming
2) strong vaccine push in the US, good for theme parks recovery
3) Growth potential thanks to Disney+
4) Disney+ launch in aggressive marketing in ASEAN countries (655.51 million population) in 2021 (well received in SG and cheaper than netflix)
marketing-interactive.com/study-disney-s-impact-from-recent-marketing-blitz-in-sg
blog.seedly.sg/disney-plus-subscription/

Theme Parks around the world to recovery in order depending on vaccine play personal estimate.
China (Shanghai), US (California /Florida), Hongkong; Japan & Europe last.

Cable TV is dead, Netflix & Disney+ is the new wave.

Catalyst for TP - 13 May earnings release
TP High - 206 / Low 198

Disclaimer - This is purely for educational & discussion, Invest at your own risk.