DIS on the weekly chart is testing the golden pocket again, for the 5th time in the past 9 years.
Every time it bounced above golden ratio, upside price action was seen.
Currently above it, with golden ratio being around $86, potential double bottom and a lot of shorts betting against the company with the loss of subscribers, weakness in parks, and their political unpopular views.
Key here will be looking for options activity from big players to see if shorts get squeezed and Mickey Mouse can rise again.
Every time it bounced above golden ratio, upside price action was seen.
Currently above it, with golden ratio being around $86, potential double bottom and a lot of shorts betting against the company with the loss of subscribers, weakness in parks, and their political unpopular views.
Key here will be looking for options activity from big players to see if shorts get squeezed and Mickey Mouse can rise again.
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