DIS
$DIS cofirmed Head and Shoulders; expect more downsideVolume analysis matches up beautifully with the H&S, and there's also a bearish divergence on the RSI too. All of this points to a reversal. The measured move of the H&S pattern has price falling to $115 which should act as pretty strong support, and this also falls on a important trend line as well. Holding & confirming this as support is cruciall if price is to continue upward
DIS approaching support, potential for a bounce!
DIS is expected to drop to 1st support at 127.81 where it could potentially react off and up to 1st resistance at 137.12.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
H&S pattern forming on DIS, could head lower.Disney (DIS) is currently forming an H&S pattern, which is generally a topping formation pattern. Based on what I see, I think Disney could retrace down toward 117.50-120; as it would coincide with a gap in the price action (around 117.50 or so) and it would test a potential bullish S/R flip around that 120 zone that acted as resistance for awhile, as shown by the red box.
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Also, for any crypto traders out there, Binance just launched their US exchange (Binance US.) If you need a link to go sign up, click here--> www.binance.us
DIS approaching support, potential for a bounce!
DIS is expected to drop to 1st support at 127.81 where it could potentially react off and up to 1st resistance at 137.10.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Disney long and strongDisney looks pretty strong. it held up very well during the market sell off the last few days. its just hanging at the 100 day moving average
It looks like a nice double bottom formed over the last 7 days
and again the last 2 days
For a swing
Buy 135 Stop 132.5
First target 140
thats a nice 2 to 1 I think ATHs are in reach later in the year.
might depend on the market of course:)
for a day trade
buy 135 stop 134
First target 137.50
"Joe's Earning season preview" EP04 --DIS,MNK,ATVI,UBER,and JACKHi everyone, after a week off I'm back to the stage!
There are still plenty of names that are going to have their earning report this week.
Again, this series is more about "How I check up names during earning season" rather than focusing on some specific names or plans.
Mon: MAR, SHAK, TSN, TTWO
Tue: FIS, MNK, DIS
Wed: DDD, AIG, BKNG, JACK, LYFT
Thur: ATVI, DBX, UBER, YELP
Let's see how they go yo!
DIS to $150DIS showing strength - looking to see it continue this move upwards with the increase in vol.
MACD setup showing bullish tendencies // RSI has a little room to run to mid 80's IMO
LB Squeeze indicator looking like it's also moving towards a bullish move - still testing that one.
Lots happening this week so always trade carefully - GLTA