Disney Stock Hits NEW High In Market! | $DIS Stock Analysis

  • Disney just came off a record day yesterday as it hit a new high in the market coming off the news that more parks are opening their doors again after they close down last year.
    The California location is the biggest piece of news to this as they have been closed the longest due to the issues that California was having with the pandemic and keeping it under control. Albeit they will be opening up with 15% capacity capability, this is still good news and investors in $DIS stock are pleased to hear this.
    TraderMo feels a little different about this stock as its a little different than most. As it is a power stock there is a lot that you can do with this. As more news comes out about the plans that Disney has for the parks and what they will be able to do to recover from the big deficit last year of over $2B in losses, there is a lot that will be done to get it back to what it was.
    As more capacity opens up this will be a good sign for those looking for jobs in the industry and in turn give more back to Disney in the long term, it will just take time.
    Check out what TraderMo sees with this stock and what he would do if he were to do this from a long term, daily, and 15 minute chart perspective.
    Filmed: March 9th, 2021
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