Many Reasons to Buy Disney Stock
People all over the world love kind and colorful Disney cartoons. What if we say that you can both adore the pictures and trade stocks of the company that creates them?
DISNEY: more customer-oriented
2020-10-13 • Updated
Fundamental
Do you want Netflix? Or Disney+? Well, Walt Disney restructured its media, entertainment, and other services to make sure you watch Disney+ instead of Netflix. The idea behind this move is to make the company more flexible and quick in responding to customer demand and its changing. The main trend is digitalization, and Disney is trying to become truly digital and customer-centric at the same time.
Just for comparison, in 2019, Disney+ had acquired more than 100mln streaming customers. In the meantime, Netflix has slightly less than 200mln – but that’s the total number reached over more than a decade so if Disney+ keeps the pace it may well beat its rival. And that may happen pretty soon.
Technical
Now, in the short-term, you take $121 the main support level. If the fluctuation waves don’t go too far away from the main channel in the picture below, the price will get back into it in the nearest short-term mid-term, rising to $137. In a mild scenario, expect the stock price to slowly climb to $130 in the immediate perspective.
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