Trading Idea - #Disney "Let's make Disney great again"BUY LIMIT ORDER!
ENTRY: 163.84 USD (wait for the dip to the support zone!)
TARGET: 200.00 USD (20% profit)
STOP: 155.00 USD
1.) 163.00 USD provides a solid support level! Let's pretend that we will see a trend reversal!
2.) The number of subscribers to Disney Plus is not yet optimal. That caused the stock to go into correction. The medium-term subscription goals of the group still seem reasonable.
Disney
DISNEY LONG Aside from the traditional low to high fib drawing. I also utilize a high to high fib. These are my favorite set up. Here we have disney. 170 is the ideal entry zone with targets at 218. the 50% line has been respected multiple times which proves there is buyers at this level for now. long term target is 218. Stops below 162.
$DIS - Disney during the last week of September (9/27 - 10/1)Mouse Man had a rough week after the CEO guy on TV said no dividends next quarter. Or something? (Honestly, I don't remember).
ANYWAY -- I think more chop is coming next week. The most bearish scenario I have has Disney testing the 168 area, but I won't post that until the price action breaks down a bit more.
Overall market sentiment should play an interesting part too, as some hesitancy still exists for October.
more later,
bye buds.
$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
OMI BUYING PRESSURE STRONG SUPPORT 4HR CONTINUATIONOMI is holding nicely, fibonacci levels look to continue, with the next target being .0079985 - .0095849
gaining momentum to break previous high at .0131 after that see you on the moon #MoonTalk
all contingent on BTC due to it covering nearly have of our 2.2 trillion dollar market.
Not Financial Advice
$DIS back on (weekly)Recently made good money trading Disney and looking to re enter a trade
Weekly MACD ready to cross , nice cupping base.
Purple line is Annual AVWAP , notice the close above AVWAP last week followed by a retest with buyers stepping in keeping price above so far...Bullish
11/19 $195C looks like an idea depending on OPEX price action tomorrow
In Depth on DIS(time frame analysis)I will go in depth on why I believe DIS is an amazing play but will do so by review each time frame one by one. From 15min-Daily-Weekly. We will start with the 15min as I believe that has more expressing to be conveyed.
► LONG 15min Chart(Intraday)
I was already bullish on DIS so I wanted to watch the intraday to make sure this stock wasn't demonstrating a false signal and I believe we have gotten signals indicating to go long. Today we have seen DIS go below a VWAP support that was vital to predicting its future direction but since we have gotten bull signals from the VSLRT and the Stupid Willy, I did not consider this a breakout. Instead we have seen the stock rise and not only close above the VWAP support but the 20sma, which lays within the Bollinger Bands. Next we need to see DIS close above the VWAP resistance I displayed that currently rest at 185.22.
► LONG Daily Chart(Intermediate)
Nothing too notable about the daily chart other than that it has displayed bullishness via the VSLRT indicating that we are seeing volume support the uptrend that we are currently having. Not only that but the Stupid Willy is demonstrating the conventional bull signs such as rising Williams %R and bullish momentum.
► LONG Weekly Chart(Long term)
There is something very bullish that can be seen via the weekly chart and that is the squeeze signal given by the Bollinger Band Width. Basically this signal occurs when we are about to get a big spike in volatility to either the downside or upside. Since the other time frames are bullish while the weekly also displaying bullishness via the VSLRT and the Stupid Willy I think we are about to see a massive up-move for DIS. This is important to note because it is vital to see whether stocks or taking the path of least resistance or are fighting a trend.
$DIS -- Methinks the Mouseketeers are about to #printI'm too tired to post any clever witticisms but Disney looks primed to run to 185, especially if it quickly turns 180 into support this week. Feels like there's a little bit of pump left in SPY/QQQ (mostly due to to Tech) before big money turns back to pumping IWM (see: SPRT, BBIG...)
Anyway, DIS 180c/185c should be fun to play this week (9/17 and 10/15 viable IMO). Quicker fingers can probably flip 200c's as well if things get really bullish.
night night kiddos.
btw I tried ketamine and my review is: "eh, not for me."
bye!
$DIS Weekly Disney appears to be forming a rounded bottom implying a move to the upside - PT $200 by mid to late OCT. Williams %R and MACD showing bullish confluence. Call flow hot with a buyer watching for a break above the AVWAP at $181.8.
Like the idea of the 10/15 $195C and 180/175p credit spreads.
$DIS Upcoming earnings estimated November 11, 2021Upcoming earnings estimated November 11, 2021.
Disney's FY 20 revenue was distributed as follows:
28.39B Digital Media
16.5B Parks, Experiences and Products
9.64B Studio Entertainment
16.97B Direct-to-consumer and International sales
Digital Media generated nearly 40% of total revenue and double any other source of revenue.
The revenue during the latest twelve months ending June 30, 2021 was $63.591B, a 8.9% decline year-over-year.
The revenue during the latest quarter ending June 30, 2021 was $17.022B, a 44.51% increase year-over-year.
Disney’s 2021 third-quarter Parks, Experiences and Products revenue segment jumped 307.6% to $4.3 billion, up from $1.06 billion during the same period last year.
In each of the previous five quarters, Disney has reported a loss in operating income in the segment because of the Covid-19 outbreaks.
Current reservations are above third-quarter attendance levels. However, recent increases in Covid-19 cases have prompted some group and convention cancellations.
$DIS Disney primed for a big move to the upside. This is a texbook chart. It has completed the 4th and is about to commence the 5th wave.
All MA's are coiled and it has been trading in a very tight range in the last couple of days, that's very bullish.
MACD is bullish (both histogram and cross).
Disney’s ESPN sports-betting deals could net $3 billion,therefore I'm pretty sure we'll see $300 in the near future.
$DISDisney looks like it’s ready for its next move on the daily chart.
- Currently sitting on a volume shelf
- About to break symmetrical triangle
- Moving averages coming together
- RSI above 50.
- MACD curled.
- Price closed on a bullish engulfing
You couldn’t get more bullish than this.
Keep this on your watchlist.
- Factor Four
DIS - Where from HereDisney has been on my watch-list for a while. During the pandemic because of the Disney+ services and as a re-opening trade with regards to the Theme parks.
The headlines around the Delta variant clearly has muted the price action of DIS quite a bit and the stock has been trending sideways since topping out in March this year.
Fundamental Highlights:
P/E at 82.5 seems very high but then the theme park closures has impacted earnings and thus driven the PE up
Rev. per Share has been strong thanks to Disney+ service demand during the pandemic
Capital Spending per share remains at the 5y average which in my eyes is solid given the pandemic
Positive FCF shows that the company is able to generate cash even if the parks are closed
Dept / Equity seems solid and not overly leveraged
Disney has not payed dividends since 2019 which is understandable and acceptable
Conclusion: The fundamentals seem solid which is confirmed by current analyst ratings and a price target of $210 according to IBKR analyst consensus.
Technicals
Since the highs in March 21 the stock has retracted and bottomed out around $170 with multiple confirmations at that level
Formation of a descending Wedge formation, indicating a positive outbreak potential
Narrow regression band indicates indecisive trading
Failed wedge breakout in the Aug 15/16 trading session, however lower leg has confirmed support
RSI neither overbought nor oversold confirming doll-drum territory
MACD show no clear indication either and has not done so since May
Resistance band around 190-195
Conclusion: DIS seems bound to make an outbreak of the current pattern in a not too distant future. There seems to be strong buying interest in the $170 area. A breakout above the wedge into the resistance level of 190-195 seems likely. Further upside possible but it will require momentum which could be helped by a positive earnings Q2/Q3 earnings report.
My Strategy
Seeking exposure around current levels, might be early but I am confident with the current support levels
A combination of Long Stock and a Risk Reversal
Stock @ Market, SL 170 / TP 209
Risk Reversal Long C Jan 22 210 / Short P Jan 22 150
All feedback, suggestions and input is highly appreciated
*** Disclaimer: I tend to use both Fundamental and Chart Analysis for the evaluation of my investments. I act as an investor, not a trader with a 9 months or more time horizon. The above represents my personal opinion. I write these postings as a trade log for myself. Conduct your own research before taking any positions and do not invest what you can't loose***