Disney said it raised $11 billion from the six tranches to support its finances as the pandemic led to park closures and disruption of most operations. The proceeds of the sale are expected to be used for general corporate purposes, including the repayment of its outstanding debt and commercial paper in the amount of $55.5 billion. The offer included six bonds with maturities ranging from 6 to 40 years.
Disney, H4
Pivot: 103.50
Analysis:
Provided that the asset is traded above 99.60, follow the recommendations below:
Time frame: H4
Recommendation: long position
Entry point: 103.50
Take Profit 1: 106.60
Take Profit 2: 112.25
Alternative scenario:
In case of breakdown of the level 99.60, follow the recommendations below:
The timeframe: H4
Recommendation: short position
Entry point: 99.60
Take Profit 1: 90.90
Take Profit 2: 80.50
Comment:
Short-term consolidation is not excluded.
Key levels:
Resistance
Support
115.80
99.60
112.25
90.90
106.60
80.50
Disney, D1
Pivot: 102.92
Analysis:
While the asset is traded above 90.80, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 102.92
Take Profit 1: 121.30
Take Profit 2: 129.60
Alternative scenario:
If the level 90.80 is broken-down, follow the recommendations below.
Time frame: D1
Recommendation: short position
Entry point: 90.80
Take Profit 1: 77.20
Take Profit 2: 69.00
Comment:
RSI is below its neutral area at 50. The MACD is above its signal line and is negative. The configuration is mixed. In addition, the stock is below the 20-day and 50-day moving averages (by 104.97 and 109.99 respectively).
Key levels:
Resistance
Support
146.50
90.80
138.10
77.20
129.60
69.00
We also advise you to pay attention to AT&T for intra-day trading:
Pivot: 29.56
Analysis:
While the asset is traded above 27.50, follow the recommendations below:
Time frame: H4
Recommendation: long position
Entry point: 29.56
Take Profit 1: 32.20
Take Profit 2: 33.50
Alternative scenario:
If the level 27.50 is broken-down, follow the recommendations below.
Time frame: H4
Recommendation: short position
Entry point: 27.50
Take Profit 1: 25.40
Take Profit 2: 24.10
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