$DIS: Wedge Breakout & $NFLX Earnings Impact

18 Nis 2023

DIS is currently inside a wedge pattern on the weekly chart, making it difficult to predict the next move. However, we can look for clues from two key factors: the 200MA and the upcoming NFLX earnings report.

If DIS breaks above the wedge, surpasses the 200MA, and NFLX delivers impressive earnings along with strong subscriber numbers and guidance, we can anticipate a move towards filling the bear gap up to $105.

On the other hand, if DIS closes below the breakout point and NFLX underperforms, we might see a move downwards, filling the bull gap down to the $96.87 support level.

Keep a close eye on these factors to determine the most likely direction for DIS in the coming days. Happy trading!