$DIS | Allocation | Market Exec |
Technical Confluences:
- Price action has bounced off the Demand Zone and a Short-Term Trendline
- Price action seems to be strongly supported at these levels for now
- Few Interest Zones above the current price action and will need to see a proper break above that to go above the 100% Fibo Extension
Fundamental Confluences:
- Disney has a strong moat in the entertainment industry, driven by its vast portfolio of iconic brands, intellectual property (IP), and global reach.
- Earnings are recovering with growth potential in the their streaming services via Disney+ and further expansion of Disneyland parks in China
- FCF has not been good recently due to debt repayment, park expansions and streaming content investments which will target further revenue growth
- Development in it's streaming content and reinstatement of dividend announcements should be monitored
-----
Have allocated this into my portfolio previously and will be looking to hold this for the Long-Term at least to the 150% Fibo extension range.
-----
- Price action has bounced off the Demand Zone and a Short-Term Trendline
- Price action seems to be strongly supported at these levels for now
- Few Interest Zones above the current price action and will need to see a proper break above that to go above the 100% Fibo Extension
Fundamental Confluences:
- Disney has a strong moat in the entertainment industry, driven by its vast portfolio of iconic brands, intellectual property (IP), and global reach.
- Earnings are recovering with growth potential in the their streaming services via Disney+ and further expansion of Disneyland parks in China
- FCF has not been good recently due to debt repayment, park expansions and streaming content investments which will target further revenue growth
- Development in it's streaming content and reinstatement of dividend announcements should be monitored
-----
Have allocated this into my portfolio previously and will be looking to hold this for the Long-Term at least to the 150% Fibo extension range.
-----
🔹Substack: substack.com/@silveredge
🔹Discord: discord.gg/tWQpZjRwCb
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
🔹Discord: discord.gg/tWQpZjRwCb
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.