DIS earnings and 60% fib, hold on to your butts

DIS may be a good strategy for a 60% fib trade before earnings. DIS plus launched during Christmas while consumer confidence was up. The Corona Virus could be reduced on the books as a catastrophic event, since Japan and US citizens had to be air-evacuated in Wuhan and cross border travel has been a headache, specifically in China. DIS has a part of Asia in its portfolio so it does have some exposure to the current strand of Corona Virus. Global containment has been vigilant but is a global risk the market has baked in. Earnings will probably cross the hurdle, especially with new subscribers and revenue from major blockbusters during the holidays. The Stochastic is showing some positive signs. Very speculative earnings play on DIS. the smaller head and shoulders looks like it may form bigger head and shoulder pattern if there is an earnings beat.