DIS and NFLX Video Analysis
This week we will be looking at two video and film producers companies DIS and NFLX. As they begin to battle for top dog in the online streaming world.
On Disney (DIS), It has been in a down trend for the past few months and today we saw price break outside of the tight little range that it has been with a continuation pattern to the downside. As we look at the technical analysis forecast for this market, I would like to see price drop down to the $92 area as this would be on the other side of the gap from a few months ago. There are two good daily demand zones that we could see price bounce off down there. The top of the demand zone at $92.28 down to about $89.60. Look to get short until price is down there.
On Netflix this week, Price is in an uptrend. We have see price give us a nice little pullback from the highs around 191. The Trend is still up on this market and I believe we will see price back up at the high in the next couple of weeks. However, before that for this week I’m expecting to see price bounce off the daily supply zone at $181 first and then find some good support/demand at the daily demand zone of 176.24 down to 172.44. Then I would expect price to continue up in this uptrend.
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