DIS-Disneys Bear case for a PO of $43-52 by years end
Disney is ending Q2 in a very precarious way...Anyone believe another 50% price reduction from here is possible?
Although Q2 just closed above 2016 Q3 low close of $92.86 the quarterly chart is signaling another bearish quarter or two could be on the horizon.
The key bearish points are notated on the chart...I'll be watching the blue trend lines closely.
(Of note: I'm not taking any position or stance here but instead presenting the bear case)
Although Q2 just closed above 2016 Q3 low close of $92.86 the quarterly chart is signaling another bearish quarter or two could be on the horizon.
The key bearish points are notated on the chart...I'll be watching the blue trend lines closely.
(Of note: I'm not taking any position or stance here but instead presenting the bear case)
6 Month chart IMHO confirms a more bearish view of DIS