IMF_Trading

$DIS news will decide where this goes.

NYSE:DIS   WALT DISNEY COMPANY (THE)
$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.

https://www.mynews13.com/fl/orlando/attr...

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