Dec. 12 at 12:55 PM
$DIS It has already moved up 2.42% to 111.94 in pre-market trading. The chart has formed a bull flag on Daily, and with the news about the OpenAI–Disney deal, this could be the catalyst that pushes the price above the channel and potentially drives a strong upward move.
That said, extreme caution is needed. On the 1-hour chart, the price is sitting right at the upper Fibonacci levels. A golden cross is forming, which is typically bullish, but the low volume at this level, combined with the RSI being in the overbought zone and a visible bearish MACD cross, signals mixed strength at the top.
Overall, from a technical standpoint, I would respect these levels and avoid going bullish until the price breaks above 112.20. A breakout of the channel around 115 could open upside potential toward 125.
https://www.tradingview.com/news/tradingview:a8bdf3a66094b:0-disney-stock-pops-2-4-on-openai-deal-to-bring-beloved-characters-to-ai-video-app-sora/