$220+ by May $Earnings$
Nobody is watching the Disney Channel anymore (the green trend channel on the chart). DIS is now playing in a new Disney+ channel.
Stock is overbought on RSI indicator, but DIS just won't chill. People don't realise but DIS is in two boats (and a cruise line): Boat 1: "recovery stocks" given the parks and cinematic revenue Disney is known for. Boat 2: Tech / Streaming! When we talk about "sector rotation" just think about why Disney sees very little of that rotation fatigue.
I feel DIS still has huge upside, but it WILL cool off first. If you are looking for a starter position, I would target $183 as an initial entry. $160 range would be a goldmine entry. As predicted in my previous analysis, we saw the $160 touch in Jan2021. But for now, Mickey Mouse is on the run!
My May 2021 earnings target: $220+
Good luck traders!
Stock is overbought on RSI indicator, but DIS just won't chill. People don't realise but DIS is in two boats (and a cruise line): Boat 1: "recovery stocks" given the parks and cinematic revenue Disney is known for. Boat 2: Tech / Streaming! When we talk about "sector rotation" just think about why Disney sees very little of that rotation fatigue.
I feel DIS still has huge upside, but it WILL cool off first. If you are looking for a starter position, I would target $183 as an initial entry. $160 range would be a goldmine entry. As predicted in my previous analysis, we saw the $160 touch in Jan2021. But for now, Mickey Mouse is on the run!
My May 2021 earnings target: $220+
Good luck traders!
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