Disney (DIS) Follows My Anticipated Post-Earnings Price Path
by Mike Paulenoff
November 17, 2024 • 6:10 PM EST
On the morning of Tuesday, November 12, 2024, I posted the following Heads-Up to MPTrader members concerning my DIS (Disney) analysis ahead of earnings:
DIS (Disney) reports earnings on Thursday morning. Technically, DIS approaches Earnings in strong near-term technical condition that argues for a positive reaction to earnings. As long as any forthcoming weakness is contained above 94.80, DIS points higher to 105.10/40, and if taken out, then to 113-115... Last is 100.25...
Fast-forward to Thursday and Friday of last week, we see that DIS' reaction to earnings followed my anticipated explosive upside price path. In response to stronger-than-expected earnings and guidance, on Thursday morning, DIS rocketed from Wednesday's 4 PM ET close at 102.72 to Friday's high at 115.19, an impressive two-day gain of 12%, and a gain of 15% from the time I posted my Earnings Alert for MPTrader members.
What's next for DIS, pullback, or additional immediate strength?
Elsewhere this coming week, what impact might Wednesday's (11/20/.24) NVDA earnings report have on the tech sector and the broad market indices?
Will the "Trump Election Rally" have legs into year-end?
How will the Fed affect year-end investor decisions?
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