$DIS oversold at these price levels, double bottom base forming?
Disney Media has been getting hit hard by Wall Street these past couple months since the launch of DIS+.
It looks like it could be forming a double-bottom base here around the ~140.85 and the security is clearly oversold when looking at the RSI.
Looking at post-earnings calls, specifically March 155s as I think there will be a sharp rise after earnings conclude and guidance looks strong with # of streaming users on DIS+ as well as the health of its amusement parks, resorts, vacations, movies, etc.
Long DIS.
It looks like it could be forming a double-bottom base here around the ~140.85 and the security is clearly oversold when looking at the RSI.
Looking at post-earnings calls, specifically March 155s as I think there will be a sharp rise after earnings conclude and guidance looks strong with # of streaming users on DIS+ as well as the health of its amusement parks, resorts, vacations, movies, etc.
Long DIS.
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