Technical Confluences: - Price action has bounced off the Demand Zone and a Short-Term Trendline - Price action seems to be strongly supported at these levels for now - Few Interest Zones above the current price action and will need to see a proper break above that to go above the 100% Fibo Extension
Fundamental Confluences: - Disney has a strong moat in the entertainment industry, driven by its vast portfolio of iconic brands, intellectual property (IP), and global reach. - Earnings are recovering with growth potential in the their streaming services via Disney+ and further expansion of Disneyland parks in China - FCF has not been good recently due to debt repayment, park expansions and streaming content investments which will target further revenue growth - Development in it's streaming content and reinstatement of dividend announcements should be monitored
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Have allocated this into my portfolio previously and will be looking to hold this for the Long-Term at least to the 150% Fibo extension range.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
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Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.