The ED has kissed both the upper and lower trend line 3 times. Using the Rule of 4, the next time could see DIS busting the trend line. Using a FB retracement of 1.618, the ED target could be $127.38.
DIS is facing challenges in its ESPN sports network. However it's movies are doing great with DIS having reached 22B in record time with Marvel hits Avengers 2: Age of Ultron, and The Ant-Man, Pixar's Inside Out, and Cinderella should easily offset the Tomorrowland dud and a very impressive slate of movie offerings for Q4 and beyond.
The Theme parks are doing fantastic with Shanghai Disney opening in 2016.
DIS is facing challenges in its ESPN sports network. However it's movies are doing great with DIS having reached 22B in record time with Marvel hits Avengers 2: Age of Ultron, and The Ant-Man, Pixar's Inside Out, and Cinderella should easily offset the Tomorrowland dud and a very impressive slate of movie offerings for Q4 and beyond.
The Theme parks are doing fantastic with Shanghai Disney opening in 2016.
Note
I was wrong with this one. ESPN's woes were too tough to overcome for the next two years
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.