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!