DIS: Moving into correction territory?
Disney moves closer to its 50 year support. Touched on THREE times. Last time being Oct. of 2023. Recently, money has been moving into small cap stocks due to the expectation of the FED cutting rates in September. Since July of 2015, Almost 10 years, Disney is down ~26%. Even worse performance in the past 5 years, ~40%.
Aside from current macro conditions, which I think can be a catalyst for sooner rather than later downward pressure, I believe investors will have to decide if they're willing to wait any longer to recoup their investments. Given how Disney has been treating it's fan base, destroying its brand, and with no intentions of turning back to its roots, we will see further break down of the stock price in the short to mid term. Down to 80 soon?
Aside from current macro conditions, which I think can be a catalyst for sooner rather than later downward pressure, I believe investors will have to decide if they're willing to wait any longer to recoup their investments. Given how Disney has been treating it's fan base, destroying its brand, and with no intentions of turning back to its roots, we will see further break down of the stock price in the short to mid term. Down to 80 soon?
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