Swing long $Dis to the highNYSE:DIS has recovered and is finally showing signs of a bottom. Needs to flip this resistance again, which I think it will.
Target is the top of the channel / ATH.
We love mickey mouse again.
Dislong
$dis long | $133 target$dis hit our zone.
daily rsi hit oversold.
looks really good here. expecting a push towards $133 over the next few months.
Disney to find support at psychological support.Disney - 30d expiry - We look to Buy at 100.22 (stop at 96.86)
Previous resistance at 100 now becomes support.
Trading close to the psychological 100 level.
We look to buy dips.
Short term momentum is bullish.
We look for a temporary move lower.
Bespoke support is located at 100.
Support could prove difficult to breakdown.
Our profit targets will be 108.44 and 110.44
Resistance: 108.84 / 113.00 / 118.00
Support: 104.50 / 100.00 / 98.00
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DIS getting punished for taking business away from NFLXDIS is a solid company with many different avenues to make money; they are a BEAST. NFLX is... well not. NFLX only streams content and much of the content they have streamed over the past 20 years during their growth, they didn't own. It was just a matter of time for the company to feel the pain of competition from the market place. Over the past few years, we have seen HBO max, Amazon Prime, DIsney +, Paramount +, and other come to market with streaming services. Many of which had contracts to allow NFLX to stream their content, but that has changed as those contracts have expired and those other platforms are now streaming their own content.
DIS has so much more to offer than just streaming; broadcasting (TV), amusement parks, cruises, and the most MASSIVE content library. DIS is getting punished today and they shouldn't be, as they have adapted with the times. If there is any company that offers the TOTAL entertainment package, it's definitely DIS. Be bullish, this dip is dump.
DISBroke out of an hourly resistance with volume and making higher lows. Expecting a move to the upside.
$DISShares of entertainment conglomerate The Walt Disney Company closed down 4.1% in Tuesday’s trading after the House of Mouse disclosed a disappointing forecast for growth in its Disney+ division.
Chapek warned that the Delta-variant fueled wave of Covid-19 is impacting movie and TV production and will delay releases in the coming months. The pandemic-related suspension of the Indian Premier League cricket season last spring also means less sports content on Disney’s streaming services in India over the summer. And Chapek said that the launch of Star+ in Latin America in recent months had proceeded more slowly than expected.
Taken together, that means Disney+ and its international equivalents might add “low single-digit million” subscribers in the current quarter, which is Disney’s fiscal fourth, Chapek said. Wall Street analysts’ average estimate had been for 17 million additional Disney+ subscribers in the period, according to FactSet.
But when we look at the charts we can see price is bouncing around in a symmetrical triangle on the weekly timeframe.
It’s very hard not to be bullish on Disney but we should keep this on our watchlist and wait for the break before entering this trade.
RSI sitting near 50.
MACD wants to curl.
Watchlist activated.
- Factor Four
DIS
Remain the support on $165-$170, bounce, maybe in the next days-weeks Disney up to last high and reach the next target on $220
DIS ER Run Up!$DIS 4HR Chart ...
FA & TA
After a stunning growth in Disney's Disney+ subscription, surpassing just over 100 Million subscribers from its 2019 launch, what more does Disney have in-store? It is evident with vaccines rolling out and states changing public health & safety mandates, people are itching to get out and enjoy in-person activities. This has caused streaming services to take a hit, such as $NFLX as they only harbored nearly 4 million subscribers (2 million less than expected). Luckily for Disney investors, we can hope to see some positive insight with Disney Parks and Cruises. Although cruises are still halted, some parks have been open with Covid restrictions, so perhaps this may the first step on the track to profitability. For potential new investors, the current price may be less attractive due to it still being near ATHs, so it's possible we see some selling pressure to see 158-170 price levels (discount, BUY!) for long term buyers to flourish in. It would be wise to sit sideline and let this upcoming earnings give some direction... Now, DIS has been consolidating within a price range of 178-191 for the past month and with earnings coming up this can potentially see some strength to breakout the current descending triangle. Over 190.50 would indicate some strength and a reversal to retest ATH. However, there is still some downtrend resistance to clear, so we could see a rejection/ false breakout over that resistance line (orange) and head down to 178.70-179 level. Under 178 would invalidate this idea.
Initial Entry: 185
Breakout Entry: 190.50
Target: 195+
Contract Ideas DT/ SW
DIS 185C 5/14| 5/21
DIS 190C 5/21
DIS 195C 5/21
DIS ER run up DIS ER run up ... after a month long correction, Disney is getting close to breaking out of this downtrend channel and looking to make a push back to ATH. Watching for a clean break of the downtrend with an increase in volume and a hold above 173.50 to confirm reversal. With Strong growth in the streaming service and as they continue to push out great news with new film plans (marvel, star wars, etc) I'm very optimistic on DIS er!
For option contracts I am Looking at 180C for 2/19. (liquid contract: medium risk/ high reward)
An optimistic future for DIS As vaccines continue to roll out and talks on potential shutdowns to come, entertainment stocks continue to rally. Overall Im still bullish on Disney. News Recently announced operating hours through out now to March. and as Cinema stocks continue to get bashed with this pandemic, Dis streaming service continues to grow. Post pandemic world will be very optimistic for Mickey Mouse. I'm looking at PT of 190 on the breakout of the triangle, under 175 we can see possible bounce near 172 to complete an a-e correction. 200 Mental target
DIS to 190?Levels annotated on the chart, Ive updated Disney the past few weeks and almost every week is new ath, Set a tight stop loss as its at all time highs and looks to be coming to an end of its parabolic move, If Dis+ continues to display great news and brings in new content Dis can keep pushing and create new highs. Mickey giving us Disney Land money!
DIS is Santa Mouse coming out this week? Disney had some good movement last week, looking for some nice movement this week with the Santa rally. Look for an entry near my wave c correction, we could see a dip or it could ignore that wave c and have a bullish push pm. Look for an entry near 171.11 under that we could go for that gap fill down at 170.48. Major breakout of 175.84 and we'll see ATH again!
Safe plays: 175C 180C (1/8, 1/15)
lotto play/ day trade: 175C, 180C (12/31) very risky lotto 185C 12/31 .17c
DIS flagging 175 incoming (intra day update)DIS finally moving could see another leg up during power hour, needs to hold 173.50
DIS Can it keep pushing?Shorting DIS doesn't last long, one thing I've learned is to never short the mouse! the Mickey cult is ridiculous. Good reversal today, bounce right off my .786 at 167.98. The only reason we went down yesterday was because the price downgrade but Bears premiums were crushed today. We could see another leg up to 188.50 by next week. Potential price upgrade tomorrow could help this momentum carry, on top of the great plans Disney has with marvel and Disney+. Great things in the future for Disney and once parks open up ill be super bullish.
My plan: 180C 12/24 (great OI and Vol)
Key levels:
Support: 169.29, under 165.36 i can see a bounce near 163,
Resistance 177.47
DIS Steamboat Willy into Wave (5) With our DIS leaps profits doubling as DIS, look to stretch existing profits on DIS into December 2020 with upside target at about 180-200. Alternative wave count will be a consolidation pattern that continues.
WALT DISNEY COMPANY LONG📈 NYSE:DIS LONG H4
🛒BUY above = 137.15
🎯Target1 = 141.80
🎯Target2 = 144.70
🎯Target3 = 149.50
🛑Stop loss or cancel trade = 121.30
🙈Recommended risk = (1%-2%)
#DIS #DISLONG #BUYDIS #LONGDIS #DISBUY
DIS update Watched at open the price dip into demand and entered a long position. Took half of my positions off when it came up to a small supply and to lock in profits. Still looking for a longer term target price of 110.
Looking at after hours, glad I kept some of my position on! Will have to see if it holds. If it does, will be hitting my price target of 110 a lot quicker than anticipated!
DISIf DIS holds the 97.50 demand area, I’m entering some long positions with a target of 110. It has tested the above supply few times now and I think it has a good chance of buyers overcoming sellers on the next attempt.
As always, going to watch how price acts and ideally would like price to dip into the demand zone to grab some more buyers.
WALT DISNEY COMPANY (DIS) WeeklyDates in the future with the highest probability for price direction reversals
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.
