DIS
Signals for 09/07/2020Hey guys, I’m here once again with some signals for you all.
EURUSD – it’s looking like a false breakout of an important resistance at 1.1350, I expect a downwards move after the pattern finishes, so put a target at 1.12, but there’s a chance that there’ll be an impulse upwards, above the level. If that happens, enter with a target at 1.14
GBPUSD – I expect a bounce or possibly a false breakout from 1.2633, target at 1.255
USDCAD – the price is just about floundering below the level at 1.35220, it will likely go down, in which case you can short with a target at 1.3420. What may also happen, although less likely, is an impulse up above the level, in which case enter a long with a target at 1.3550.
PYPL - I recommend a long, as soon as the price pulls back to 175, with a target at 190.
VISA – I recommend you long with a target at 200
DIS – there was a bullish breakout of a range recently. I’d wait for a pullback and long with a target at 122.
That’s about it, I hope you found this useful, have a good day.
Disney Reopening - DIS As expected, yesterdays FED meeting advised us nothing that we didn't already expect. Rates are unchanged and stimulus still pouring in. That being said, unless we see the 2nd wave of the virus or any other unprecedented events that 2020 keeps hurling at us, I would expect the market to continue to recover. Most stocks are completely oversold on the RSI so a pullback is expected around the market.
Checking in with Disney:
Disney is planning on reopening several parks, resorts, properties all in phases. The 2nd week of July seems to have the majority of all their parks open including Disneyland, CA and Disneyworld in Orlando, FL.
TA:
We just got a bounce on the 200 MA for Disney at $122, if this holds support, we're looking at our target of $137. A break below is this and we're watching levels of $116 followed by $107.
Hit us with a like and a follow for more updates. Cheers!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise.
SIX FLAGSBearish asf on Six Flags! I think we test $11 if this pandemic isn't over soon and delays openings, etc.
Great opportunity to buy if this sinks, regret not sticking to my game plan and buying at $10.
DIS MovementThe Walt Disney Company (DIS) has been moving in a downward trend since early June, following new Coronavirus case concerns in Florida. The stock recently saw a nice rise in price following an announcement that the NBA would be finishing its season with Disney as the host in Orlando. Uncertainty about these plans has dragged the stock down, with a new development that 16 NBA players had tested positive after beginning training in the facilities. Despite this, DIS has been forming a nice falling wedge pattern, respecting a trend support line that has been followed since mid-March, and may look to breakout upwards. However, DIS may also see a downward breakout should any new developments regarding the future of the parks or the partnership with the NBA surface.
$DIS At Bottom Of Ascending Channel. Looking To Retest The Top.Disney is consolidating at the bottom of it's channel. It's been in consolidation for a week now and it's ready for a move to the top.
It has now formed a bullish pennant and has been tethering a breakout of consolidation.
If you look closely at the bullish pennant you'll see the recent price movements hinting that $DIS will soon breakout of the flag.
With the news of Disney finally expanding to 8 more countries very soon + the reopening of many Disney studios & parks.
This stock is in a good position to rise.
Both the technicals and fundamentals validate a move up.
On average a rise to the top of a channel takes 3 days and consolidation about about a week. Disney is ripe for a breakout as it has been consolidating for a week and there is now catalyst to initiate a move.
DISNEY trading outlookDisney+ just announced that they will open streaming service in 8 more countries on September 15th. The chart shows the price between 50 and 200 SMA's.
A buy zone formed for better risk -reward. Final confirmation is the break of the 200SMA and back above 61.8%.
Please support the idea and share your thoughts on DISNEY!
Good Luck and Stay Healthy!
COVID lingering Sets $DIS Back; Strong SHORT for interimWhile positive news continues to brew for Disney, the continued lingering of the COVID-19 pandemic has prevented its stock from being able to test, climb, and surpass the 120/share mark. Without further news of re-openings to come, expect $DIS to continue to struggle; although, it probably will avoid "Bottoming out" too badly. That said, a second-wave, or spike, in COVID outbreak could prevent Disney from getting back on track anywhere near as quickly as it had hoped.
With social distancing guidelines expected to affect park-goers too, it might be a while before people are flocking to the beloved Mouse's parks once again. While there was a strong buying window for $DIS approx. 2-wks ago, it is now back into range of being a strong short opportunity, or a great point to sell off and forget about it. Disney has an uphill battle that is going to be very tough, and while it will rebound, the time frame continues to be one of such indefinite nature that other investments may be the way to go...That is, if capitalizing on "COVID CORRECTION SEASON" is one of your personal investing goals.
Disney to the SHORTSThe charts are screaming that its going to drop in my opinion, i'm really seeing a strong head and shoulders formation on Disney right now and despite that amongst the current news no matter whats going on there will be panic tomorrow and someone might as well make some money off of it. Disney isn't ready for a full recovery yet which means theres going to be some sort of sell off. Shanghai Disney while re opened is at 30% occupancy which short term might fuel buys but I don't see it sticking. I definitely am sticking to short right now.
$DIS - Reopening Means Bullish?Has a lot of room to climb but next level is 116~. Can set an alert for the 113 break as 116 should have little trouble being broken. Volume growing here and sentiment is higher. They also survived a pretty horrible earnings so their value must be a bit higher. It broke into a strong fib level on Friday and closed above. Let's see what happens tomorrow but I'd be placing a bet on DIS soon myself.