DIS reversal
NYSE:DIS wave analysis
Starting 8th of March 2021 we have a big impulse wave down (1to 5) finished or almost finished.
The interesting part is that Wave 5 has taken the shape of an ending diagonal.
An ending diagonal in the words of R.N Elliott is singling "The price has come too far. Expect dramatic reversal ahead."
So we need confirmation that the price breaks the minutes 2-4 trendline and the bigger impulse wave is done and dusted.
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Disney
Historical buy opportunity in DisneyThe algorithm is showing Disney in a very important historical support zone.
In the chart you can see the historical channel and how the price is approaching the support line. Furthermore the 80$ is a key support that if it's lost could move the price to 43$ easily because there is no other serious support or historical volume.
So, by buying slightly over 80$ or even 90$ you can use a very tight stop loss and unlock a potential of 60% to the first take profits or even 120% if the prices goes back to maximum price.
Right now and leaving in the first take profits, you can risk 1$ to earn at least 6$ which is a crazy risk reward ratio for any trader.
DIS major support W/ minor resistance.Here we are looking at DIS on the daily TF.
As you can see here we are looking at a trend line going back to 2013. The Yellow line acted as resistance until the end of 2013, then a break out occurred. The yellow line now serves as a great support and even re-tested the line at the Covid lows in 2020.
The support line (yellow line) I have outlined on the chart connects all the way back to the 2013 and should be support again in 2023.
If price continues hitting that support line (2-3 more times), we can expect a break below that line and then it will act as resistance once again.
In the immediate short term, You can see the down sloping Green trend line which is being tagged with the 3 purple rectangles. That line is acting as resistance and will only need a couple more hits before that line breaks and the price should break above it.
The yellow support line and the green resistance line is creating a wedge pattern and eventually it will break one way or another.
Being as the green line is minor and the yellow line is major I anticipate a bounce and a push through the green resistance line.
What do you think DIS will do next? Let me know in the comments!
Cheers!
DIS Trade Idea
$DIS is looking good for a small bounce / PullBack so the Bears can Reload their shorts .
I'm in this one Long using CALLS for DEC 30 / STRIKE 90. (Theta is against me, so I need a fast and reliable move to the upside to make any money)
But again, another great R:R, but counter trend, and as s a beta weight of 0.70 with SPY, we need the Markets to bounce to help this trade.
#tradesafe
DISNEY 1 HOUR IDEA HELLO GUYS THIS MY IDEA 💡ABOUT DIS is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this SHORT position..
and when the price come back to this area, strong sellers will be push down the market again..
DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason for this short trade..
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DIS 9 DEC 22 91/ 16 DEC 22 96 Diagonal BEAR RALLY SET UP:
DIS made a new swing low 11/09 and since then it has made its way back to the 50day with lower or equal volume making this a potential bear rally. The entire market has been in a bear rally, so based on the patterns forming, this should make it's way lower to fill the gaps below.
I used the doji candle on the 28th as my reversal candle at the 50day. And today it trigger because it traded below the previous days candle. Momentum indicators suggests more downside.
I'm set up for max loss on this trade so if this decides to head higher, I'll be ok and move on to the next trade.
I determined 91 would be a safe middle zone target based on the downward channel I drew. And if the market decides to bring this lower....to lets say 84 or 83, that would touch the lower trend line and could bounce back up to 91 to hit the apex of the trade on the 9th.
DIAGONAL SPREAD STRATEGY:
If this falls below my 91 target before Dec 9th, I'll wanna see if this goes down and touches 83 or 84. Lets say it gets there by Monday the 5th. It may want to rebound back to 91. If it does that and gets to 91 by lets say the 8th, I'll close out the entire combo. If this just stays below 91 by the 9th, I'll close out the entire combo as well.
If this goes sideways until about the 8th or the 9th (that would be around the upper trend line which could happen) I'll still have the Dec 16 96 strike. I'll have to watch it the week of expiration to see if I'll wanna close this out a couple days before the 16th.
If this goes higher I'm set up for max loss, so I'll just move on to another trade.
Ideally I wanna see this at 91 or lower by the 8th because I prefer to close the entire combo and move on to another trade.
Disney DIS Short - Descending Triangle/Head and ShouldersDisney DIS Short - Descending Triangle/Head and Shoulders
Disney preparing to break down from a descending triangle . Expecting low $80s price range.
Longer term there's a clear Head and Shoulders pattern that would break down if the descending triangle also breaks
DISNEY - POTENTIAL SHORTDisney was down trending on the 4H timeframe from Nov. 1st to Nov. 9th 22. After a pullback to the .618 fib level, price from the stock began to consolidate and price condensed. Dec 6th price broke out of the consolidation and retested on Dec 13th.
The Price Action of Disney stock is currently creating a Bearish Pennant . If price can break $92 and reject successfully, a short could be profitable.
SCALP ON DIS LONG ( 11.23.2022)Newly, reinstated CEO Bob Iger moved quickly to announce restructuring plans for the company. Iger is said to have already began to undo a corporate structure put in place by his hand-picked successor. Iger said the restructuring would result in changes to Disney Media & Entertainment Distribution, a unit former CEO Bob Chapek formed in October 2020 to centralize all film and television sales and distribution. The unit’s chairman, longtime Chapek lieutenant Kareem Daniel, will leave the company. Separately, Walt Disney said on Monday Iger will get an annual base salary of $1 million and a long-term incentive award with a target value of $25 million
Buying Disney break of recent high.Walt Disney - 30d expiry - We look to Buy a break of 102.11 (stop at 97.88)
We are trading at oversold extremes.
A break of the recent high at 101.50 should result in a further move higher.
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
This stock has seen good sales growth.
We are trading at oversold extremes.
Our profit targets will be 112.48 and 117.48
Resistance: 102 / 106 / 110
Support: 95 / 90 / 85
Disclaimer – Saxo Bank Group.
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11/9/22 DISThe Walt Disney Company ( NYSE:DIS )
Sector: Consumer Services (Cable/Satellite TV)
Market Capitalization: $158.150B
Current Price: $86.75
Breakdown Price ( hold below): $90.20
Sell Zone: $98.10-$89.45
Price Target: $68.50-$64.40 (3rd)
Estimated Duration to Target: 98-102d
Contract of Interest: $DIS 2/17/23 85p
Trade price as of publish date: $6.10/contract
DIS - BEARISH SCENARIODisney`s Q4 report released yesterday was a little nightmare for the investors. The company reported EPS of $0.30, $0.29 worse than the analyst estimates of $0.59. Revenue for the quarter came in at $20.15B versus the consensus estimate of $21.38B.
One of the reasons for the worse results is the additional spending to grow their streaming services.
Although Disney+, reported 164.2 million subscribers in the fiscal fourth quarter, surpassing the estimates of 161 million. The streaming unit lost $1.5 billion during the period.
The next two price targets are:
$92 support level
$82 support level
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DIS weekly bullish hammer at a monthly buying zoneOrder BUY DIS NYSE Stop 99.30 LMT 99.30 will be automatically canceled at 20230401 01:00:00 EST
DIS bullish hammer at a monthly support buying zone maybe that's it for the downtrend except for we didn't have exhaustion volume / capitulation / panic event.
Quick countertrend 1.2R
9/18/22 DISThe Walt Disney Company ( NYSE:DIS )
Sector: Consumer Services (Cable/Satellite TV)
Market Capitalization: $197.346B
Current Price: $108.25
Breakdown Price: $107.15
Sell Zone: $120.75-$113.75
Price Target: $90.90-$89.70 (2nd)
Estimated Duration to Target: 77-82d
Contract of Interest: $DIS 12/16/22 110p
Trade price as of publish date: $8.25/contract