Disney's seismic shift to streaming could be a threat to the stock, trader warns

, a notable move for a company that has seen few major transitions in its 97 years.

"The value prop was that Disney wouldn't have to spend a ton of money on content, so, obviously, that would help margins, and now it seems like they're going to be headed in the opposite direction," he said. "I've always thought of Disney as a company that rolls out maybe five blockbusters a year, very high-quality content. Now, I think they're going to have to dilute quality so they can increase quantity.

"We've reversed a longer-term downtrend ... and you can see the recent price action has come back and rechecked that downtrend resistance line, which is now support," Johnson said in the same "Trading Nation" interview, citing the chart below."We're starting to rally off of that level and, from our perspective, a close above this 136 level here on the stock is going to open up the shares for another leg higher," Johnson said.

If all they have to offer is some Chinese movie on streaming about Communist investors should RUN! DisneyIsOwnedByChina Communist LiberalismIsAMentalDisease

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