On the larger timeframes, DIS is painting a beautiful falling wedge (bullish) that is lined up with a highly-anticipated ER coming up on 08/09/2023. It is also resting at a huge and major support from 2015 at the $85-86 range.
Ideally, the bullish idea would be for a great ER that will allow DIS to break out above this falling wedge for a run. You can anticipate the run with perhaps longer-dated contracts for call positions.
If you want to be extra safe, definitely consider waiting for a positive ER and ride the momentum as DIS breaks out of the upper trend line to fulfill the bullish falling wedge pattern.
Personally, I would like to see DIS perform well on this ER and reclaim a key price point of $90 to push further back upwards.
Ideally, the bullish idea would be for a great ER that will allow DIS to break out above this falling wedge for a run. You can anticipate the run with perhaps longer-dated contracts for call positions.
If you want to be extra safe, definitely consider waiting for a positive ER and ride the momentum as DIS breaks out of the upper trend line to fulfill the bullish falling wedge pattern.
Personally, I would like to see DIS perform well on this ER and reclaim a key price point of $90 to push further back upwards.