Disney
$DIS - Getting ready for its final move?Disney is on wave 5 from the covid lows. Its sitting on 2 AVWAPs and was rejected off another AVWAP. It tested the DTL from the wave 3 high after being rejected at the AVWAP of the wave 3 highs. There's currently a volume shelf at 175-176 where it has been consolidating.
All signs point to a large move up, especially with Marvel phase 4 starting up, the charismas movie season coming and Disney plus showing strength in programing.
Invalidation below a daily close of 167, confirmation above daily close of 202.
GROM Grom Social Enterprises Inc. Price Target Today i will share with you a private call and a potential target for the stock. The undervalued stock is GROM!
GROM has has a team of professionals with prior experience in animation giants like Disney and Nickelodeon. CEO is Brett Moyer.
GROM partnered with Dynamite Entertainment, a leading independent publisher of comic books and graphic novels.
I am also a comic book collector and i know some titles can turn into movies and grow their value. it`s the marvel, dc trend as well.
GROM acquired Curiosity Ink Media, a producer of original multiplatform family entertainment and announced that Curiosity and global production and distribution powerhouse Toon2Tango GmbH & Co. KG will develop Santa.com into an original animated musical holiday special. (prnewswire.com)
The Market Cap of GROM is only 33Mil, low float, 8mil shares out there. Where have you seen such a low float recently?
My price target is 10usd!
DIS (weekly) Here is DIS long-term count starting in march low with some important levels and gaps. DIS bounced recently near 200 daily MA, could be potentially the end of the corrective cycle. MACD curling back up and RSI over the neutral level are also good news.
I would like a break of 190 to confirm it or this could only be the B wave of the corrective cycle meaning that we can see a potential gap fill below 170, would also confirm that we are currently forming the right shoulder of the Head and shoulders pattern.
DIS is a good company to have in your long-term portfolio, always on the shopping list.
DIS Daily Looks ReadyNYSE:DIS broke the down trend line and looks ready to take off.
It gave a small retracement bar today which gives us a perfect spot for an entry at $180.09
The stop loss should be under the local low at $170.31
The profit target is the ATH at $203
Risk/Reward Ratio of 2.3 could be better but good enough with this clean of a chart.
DISNEY (DIS) - WAVE FORECASTDisney has achieved a logical target for this corrective movement. In the chart, however, a slightly bearish H&S formation can be seen, which should be observed in my opinion. 166 USD is crucial: A break below that level would activate 2 more targets to the downside: 155 or (144). That would be a perfect entry. On the other hand, this formation can dissolve very easily. That would also correlate with my bullish view for the overall market. Important for this is a break of the 183.39 level. Then disney can attack the ath again + i see targets around 225 USD.
Weekly Outlook! 6/28 - 7/2Check out what stocks we are watching for the coming week! As well as a recap of last week's video!
NASDAQ:BYND
BYND we are looking for a breakout of consolidation that we've been seeing over the 200sma. Confirmation level is over $152 but can take anything with good strength over $149
NYSE:MA
Looking for a nice breakout over the $380 level as we saw a nice long term trend support bounce last week!
NYSE:UBER
Uber has been consolidating over the 200sma over the past few weeks. We finally look ready to take another move up with a breakout over $52
NYSE:DIS
DIS looks to be breaking trend resistance. This is a play we entered last week. We'll see a new short term uptrend confirmed if we can hold the $181 level this week!
DISNEY opportunityKeeping a close eye on the current structure with Disney at the moment, I have been a long term trader/investor with Disney for a while and its served me well how ever reduced position over the march push as the amrkets seemed a little cooked and been waiting to reenter and start pyramiding orders again.
Pretty clear H&S forming on the daily right now and a large gap between the current formation and the structure from mid to late 2020, not to mention price chopping below the 100 day EMA
A break down of this formation and support level could see fairly sharp price action between these price points and a much better entry (Im not trading options just spot)
The other possibility is we bounce on this neckline, crack the right shoulder and continue the current macro bull whilst the fed continues to print bills into QE which should see the markets artificially move with it.
Ill be keeping a close eye on the volume and candle formation over the next week looking for signs of bulls entering here, an increase of volume, coupled with maybe a morning start close to this support could be enough to give me a the confirmation to take the entry...how ever ill be cutting losses early if its quickly met with a break down or volume diminishes straight after my entry.
The key here is conviction, I need volume to back up my decision or im out and waiting for a lower entry back around 152 or even lower as that sell off could trigger a considerable down trend.
Give it a few more days either we stay invested with disney or shelf it on the watch list for a few months lol
$DIS 28%+ of revenue via digital media. 2-3X any other sources.$DIS Area of contention. Short and long-term convergence. Expecting a long-term bullish continuation. 2 currently released Disney+ Premier movies released. 2 more coming during the summer. 28%+ of their revenue generated via digital media. Nearly 2-3X any other source of revenue.
Mickey Mouse going back to 200?I am really liking this setup for a swing trade...
I would keep an eye for a confirmation break of this downward trend-line and the .382 fib around 181.
Oddly enough... .the weekly supply happens to right in between the .5 and the .618 fibs so certainly expect lots of resistance within this zone
My game plan:
7/16 190c on a confirmation break of ~181
PT1: 185.36
PT2: 189.73
PT3: 197.30 (1D SUPPLY)