$DIS: Wedge Breakout & $NFLX Earnings Impact

is currently inside a wedge pattern on the weekly chart, making it difficult to predict the next move. However, we can look for clues from two key factors: the 200MA and the upcoming earnings report.

If breaks above the wedge, surpasses the 200MA, and delivers impressive earnings along with strong subscriber numbers and guidance, we can anticipate a move towards filling the bear gap up to $105.

On the other hand, if closes below the breakout point and underperforms, we might see a move downwards, filling the bull gap down to the $96.87 support level.

Keep a close eye on these factors to determine the most likely direction for in the coming days. Happy trading!