Does Disney’s Magic Disappear in February?

Disney’s earnings are due out on Thursday after the close, but the seasonals show that there is a particular weak period for Disney’s shares from the middle of February to around the middle of March.

Recent conditions over the last few years have been tough for Disney as the lack of socialising due to Covid-19 has heavily impacted theme parks at Disney resorts. However, will we see a bounce back in expectations post the earnings release on Thursday or another big dip? If we see another dip lower there is some major support sitting around 15% lower around $80 on the monthly chart. Would this be the ideal spot for any dip buyers on an earnings disappointment?

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The major trade risk here is that Disney earnings surprise to the upside and the bias turns positive for Disney during this normally seasonally weak period.

Remember don’t just trade it, Seasonax it!

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