"Disney going up after the Pullback" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Descending Trendline that started the up move.
- Pullback on the Support Zone .
- Now, it has potential to continue its up move towards the Fibo Levels.
Weekly Analysis:
Daily Analysis:
Updates coming soon!
DIS
DIS LONG - wave pattern playSmall position with plan to exit if the lower level downtrend remains intact - break out.. will add on to get full position. Lower entry alert is ready to go - hard stop below (red dashed). Wave traders know this as the running flat pattern - we also have a weekly breakout and retest for those looking at larger timeframes. **note trendlines, patterns, areas of interest (zones,colors etc.) are questions that I am happy to entertain but recommend DM as that is more involved than reasonable to do in comment of an idea.. glad to do so, but give me a little time** happy trading, stay green!!
DIS (Disney) Long opportunity coming up, move to $175!Disney popped aggressively on the launch of their new streaming service that captivated a large audience and took away from other streaming competitors such as Netflix. Disney has yet to report an earnings report with their Disney + addition and there is more upside to come over the next few months.
Where should one look for longs on Disney? Based on pure technical analysis one could identify good levels without buying a top. The first thing to consider is how the overall market is doing, there is some more strength to come out due to the money getting flooded into the economy.
The next thing is the previously broken high on the year-to-date on Disney, which is $144.50-146. This is also the 50% retrace level based on the pop that brought price to a new high, which is also a low volume node on the year-to-date volume profile. This is a huge support level that could bring price up to $175!
Disclaimer: This idea is for educational purposes only, this does not constitute as investment or trading advice. TRADEPRO Academy is not responsible for any market activity.
DIS - continuing to forge new highsIn my last DIS post I was cautious about the supply level and somewhat skeptical that we'd continue to push new highs. I was correct about chopping sideways, albeit briefly, before choosing a direction.
I've highlighted a nice bullish consolidation pattern from which we broke. Considering the low "holiday volume" last week, I'd like to see price hold above our new 150.63 support and our moving averages (9 ema) catch back up with price, before entering long. Reference our highlighted area. I wouldn't enter short unless we break below the 150.63 area and fail to reclaim it.
(I don't like entering long when price is too far deviated from the moving averages)
DIS - DAILY CHARTHi, today we are going to talk about Walt Disney Co and its current landscape.
Walt Disney Co. debuted today it's streaming service that it's determined to face Netflix and other streaming services. With a basic subscription cost of $7 and an arsenal of content loaded with Marvel, Pixar, and Star Wars Universes, plus more than 400 movies and other types of content including all seasons of "The Simpsons." Disney, it's also heavily producing and investing in new exclusive content, which makes the entering of Disney in the streaming war a frighting one for its adversaries. The Walt Disney Company CEO Robert Iger it's willing to play heavy on this showdown and has enough resources and experience to at least reshape the streaming market once for all. Those are exciting news to consumers of this type of service, that can be benefited from this competition but an unpleasant one for investors, since during this type of dispute the balance usually take the hit of a producing or price war.
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DIS - Disney+ Bull FlagFans of Disney are excited by the debut of the Disney+ streaming service tomorrow (I'll be watching The Mandalorian) but a bull flag seems to have been taking shape on the weekly chart since March. We have to see if it can break out of the flag pattern or if it needs another bit of consolidation first. Also, notice how the stock has found support along the 200-day EMA & the 50-day EMA more recently.
$167 is my initial price target, which is the 100% Fibonacci Extension level. My next target would be $176 which is around the price level suggested by the bull flag pattern.
DISNEY Momentum Strategy|End of Cycle[MEDIUM-TERM]TREND ANALYSISDisney(DIS) : Series on Equities #2 (3-4 minutes read)
This will be a short and simple T.A, just because it's Disney . Their ratios, products, management etc, speak for themselves and their fundamentals. I will just go through the technicals- most of the fundamental risks that aren't idiosyncratic to Disney are covered in my previous posts(Links #1&2) .
Since the 2009 lows, Disney has outperformed the market by quite a margin( about 900% up to be precise ). Let's get on with the technicals. There are three main structural support areas: 115(primary), 90-80(Recession Primary), 65-70(0.618 Fib) . Disney is currently in a textbook example of Elliott wave extensions, where it hit the targets for each wave with maximum precision . As a usual momentum continuation from Wave III, Disney entered a momentum channel that's currently ongoing. Recently, Disney hit the top of the channel (2.62 EW extension), that is one of the targets for Wave V.
Supplemental Quarterly chart 14 Q's EMA key bullish trendline support
Obviously, this implies a bullish trend continuation, and yet I am short? To me it's quite a straightforward question, how far up can Disney go, and is the risk worth it? The answer to that question, in my opinion is that at this point of the cycle(Link #2), the risk is just not worth it . To make my point clear, this is a decision tree from TESLA (TSLA) that could also be applied to Disney. You can read more about it in my next post about Tesla.
Tesla Decision Tree and four major Auto Manufacturers' stock performances since Trump took office.
To wrap this post up, obviously the decision tree is very simplified and in reality it's much more complex than that( the events aren't mutually exclusive ). At some point the momentum channel for Disney is going to break down . Although, this might just be a good opportunity to buy for the long term . Considering how current trends are moving and how people spend their leisure time in entertainment and gaming, without a doubt, Disney as one of the market leaders, will continue to grow in the long term.
This is it for Disney(Dis), hope that it's useful. If you found the TA interesting and aligned to your analysis, don't be so reserved- give this post a thumbs up or comment your view on Disney.
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