$DIS
Not much in terms of technicals or patterns despite fintwit drawings of tiny flags on the 30 min charts and 3 month long channels that don't make much sense to me.
There is speculation that $DIS will be submitting plans to reopen their parks this week. (Link attached) I believe this news is going to be good enough to keep stock supported at its current levels. This could turn into a "buy the rumor sell the news set up" as there is still a gap to be filled.
Stock prices will be very dependent on the following:
1. If plans are actually submitted
2. If Universals plans of full reopening on June 5 are smooth and the sentiment that follows (can spook investors about $DIS reopening) WILL BE WATCHING FIB LEVELS HERE.
www.mynews13.com/fl/...ning-plans-next-week
Not much in terms of technicals or patterns despite fintwit drawings of tiny flags on the 30 min charts and 3 month long channels that don't make much sense to me.
There is speculation that $DIS will be submitting plans to reopen their parks this week. (Link attached) I believe this news is going to be good enough to keep stock supported at its current levels. This could turn into a "buy the rumor sell the news set up" as there is still a gap to be filled.
Stock prices will be very dependent on the following:
1. If plans are actually submitted
2. If Universals plans of full reopening on June 5 are smooth and the sentiment that follows (can spook investors about $DIS reopening) WILL BE WATCHING FIB LEVELS HERE.
www.mynews13.com/fl/...ning-plans-next-week