I expect DIS to consolidate or start the drop during the last week of December.
I look for a low to be formed by week of Jan 11, 2021 (target 153-160). Alternatively, with positive market conditions, we could see a final rally to 185 in Jan, before the drop to 153-160 in Feb 2021 close to earnings.
EPS still negative, so I don't expect earnings anticipation to prove to be a positive catalyst at this stage.
Good luck!
I look for a low to be formed by week of Jan 11, 2021 (target 153-160). Alternatively, with positive market conditions, we could see a final rally to 185 in Jan, before the drop to 153-160 in Feb 2021 close to earnings.
EPS still negative, so I don't expect earnings anticipation to prove to be a positive catalyst at this stage.
Good luck!
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