Stock market: pay attention to Disney

Stock market: pay attention to Disney

Trade ideas

BUY 121.00; TP 130.00; SL 119.00

BUY 114.00; TP 120.00; SL 112.00

Here’s a more fundamental trade idea that may take some time to unfold. Yet, it’s worth considering.

Disney had an investor day on Thursday, April 11. The company unveiled a new video streaming service, Disney+. It aims to invest plenty of money into making original content and compete with Netflix. In particular, Disney will soon pull its existing Marvel and Pixar shows and movies out of Netflix and the new service will be the only platform to watch them. Disney+ subscription will cost $6.99 a month, far less than Netflix's $13. This new development makes us bullish on Disney in the longer term.

The key resistance level for Disney lies at 120.00. This area has been holding the price advance since 2015. If the stock gets above it, it will be able to resume the uptrend on a big scale.

disney m.png

Similar

Levels to trade EUR/USD

EUR/USD met resistance in the 1.1415 area. The pair’s advance in the recent days was quite rapid, so it might be hard for the euro to retain the bullish momentum.

NZD/CHF is in a downtrend

NZD/CHF is trading within a downtrend on D1. The currency pair went below 78.6% at 0.6450 and is likely to test levels around 0.6390/70.

Latest news

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera