Walt Disney (DIS): Expectations of Trending Higher
Walt Disney (DIS):
Technical expectation for price to trend higher. In view that technical indictor FFI and RS are trending higher, with price broke above trading range resistance.
First target at US$106.80. Stop price below 12SMA (US$99.59).
With the reopening of borders and the increasing desire for travel experiences, Disney is poised to benefit from a surge in demand for its attractions and entertainment offerings. This could potentially give Disney an extra boost in its upcoming earnings report on 10th May.