Matic looks ready to trigger its inverse head & shoulder patternTarget is 94 cents if it confirms. Confirmation is likely considering the deal Polygon just made to work with Disney on their metaverse. *not financial advice*
Disney
matic testing breakout zonematic is testing the level that was first established after the may 11 dump it bas been tested a few times since but no other time this strongly.,
Disney Gives Polygon (MATIC) Premium FuelOn the heels of a partnership with Disney, Polygon looks primed for a wavy 30X pump from its soon to be seasonal bottom. Typically, within Wave 5, euphoria is at a high level but it would be best to avoid buying the top range between $5.50 and $13.35 (based on common fibonacci levels). Instead, a buy from the $0.27 range may be the best entry. For more Elliott Wave based ideas and timely predictions, check out my TradingView profile and like/follow/comment to support this post.
Thanks in advance and may your surfing remain profitable.
Altcoin season cometh soon.
⚡️ #MATIC/USDT - Potential 250% ⚡️- Part Deux⚡️ #MATIC/USDT - Potential 250% ⚡️
Entry Conditions:
- Long term RSI Daily Trendline break
- Bullish Divergence
- Key Resistance Break
- Disney Accelerator Partnership
News Source:
forkast.news
Entry: 0.455 - 0.695
TP1: 0.993
TP2: 1.234
TP3: 1.434
YOLO: 1.751
SL: 0.298 or HOLD
DIS STILL MEHDisney really looks like one of ugliest charts on the DJI, but it's close. Hard to say this goes much lower because you simply cannot fade MR. Mouse and it's fundamentals.
looks like Bitcoin chart perhaps they take $BTC in the futurePerhaps Disney will take Bitcoin in the future, imagine paying for rides in bitcoin? The chart shows a potential bounce from A leg, to a sell off to the B leg. Wave analysis is subjective, I like to focus on the wave analysis inside the triangle, then plot my fibs. With Inflation, rising gas prices, and folks still cautious from Covid. I expect more selling pressure, after a brief bounce. Long Term Short, w/ selling the rips
DIS-Disneys Bear case for a PO of $43-52 by years endDisney is ending Q2 in a very precarious way...Anyone believe another 50% price reduction from here is possible?
Although Q2 just closed above 2016 Q3 low close of $92.86 the quarterly chart is signaling another bearish quarter or two could be on the horizon.
The key bearish points are notated on the chart...I'll be watching the blue trend lines closely.
(Of note: I'm not taking any position or stance here but instead presenting the bear case)
$DIS Analysis, Key Levels, and Targets$DIS Analysis, Key Levels, and Targets
Here’s a fun look at DIS…. we are about 53% off of the highs… The light blue dotted line is the 200MA imported from the monthly chart. It sits at around $77 at the moment…. I’d say that right here is a descent place to start a position, but if it gets nearer to the monthly 200MA I’d go in heavier….
All of my targets have been hit except for 1 which would fill the covid gap, and I could see a nice swing happening from there….
Stupid Willy (The bottom indicator) is starting to read extreme oversold and a green cross above the red line would be my long confirmation…
And just for historical reference, in 07-09, DIS came down 57% off of the highs (which we are getting close to) and it also went 38% below the 200 monthly MA once it crossed below….
In 2000-2002, DIS came down 68% off of the highs... So keep all of that in mind when building your DIS position…. Just because it’s cheap doesn’t mean it can’t get cheaper…
However I do believe that the around the 200MA level will hold, and that between here and there is a great buying opportunity…
DIS - Disney - Long term story- Intact!Dips should be a reason to buy
Red labels are possible entry points and green labels are exit
The Walt Disney Company (NYSE: $DIS) Uptrend Looks Imminent 🎈The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners. It also offers direct-to-consumer streaming services through Disney+, Disney+ Hotstar, ESPN+, Hulu, and Star+; sale/licensing of film and television content to third-party television and subscription video-on-demand services; theatrical, home entertainment, and music distribution services; staging and licensing of live entertainment events; and post-production services by Industrial Light & Magic and Skywalker Sound. In addition, the company operates theme parks and resorts, such as Walt Disney World Resort in Florida; Disneyland Resort in California; Disneyland Paris; Hong Kong Disneyland Resort; and Shanghai Disney Resort; Disney Cruise Line, Disney Vacation Club, National Geographic Expeditions, and Adventures by Disney as well as Aulani, a Disney resort and spa in Hawaii; licenses its intellectual property to a third party for the operations of the Tokyo Disney Resort; and provides consumer products, which include licensing of trade names, characters, visual, literary, and other IP for use on merchandise, published materials, and games. Further, it sells branded merchandise through retail, online, and wholesale businesses; and develops and publishes books, comic books, and magazines. The Walt Disney Company was founded in 1923 and is based in Burbank, California.
Walt Disney Company (The) $DISI like Disney here..
The RSI even forms a spoon =)
Maybe scoop some up here..
Stay safe!
DIS - BEARISH SCENARIONew selloffs for Walt Disney Company after the Q1 miss, reported on Wednesday.
The company reported $1.08 in adjusted earnings per share, the forecast was for $ 1.19
The next support level is located at $79.
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Disney 2022 outlookIt's not a dumb move to DCA here if you want to hold long term. If you want a better price, buy at 96. I expect bottom to hit around July, but it could be as late as October.
DIS - MONTLY ANALYSISFollowing the trend, I'd buy Disney if breaks the latest high
Stop Loss - Below the lowest low from the previous candles
1st Target - R/R = 1,00 - 1/3 Position
2nd Target - R/R = 2,00 - 1/3 Position
3rd Target - R/R = 3,00 - 1/3 Position
Disney should enter Powerful Wave 3 here - Targeting 300's Something big coming to Disney here I think. At a great retracement, capitulation selling, diagonal support. Looks like a clear wave 2 down off the March 2020 lows, ignore the news this should get to 300's.
DIS Just Broke Crucial Trend LineDisney has been in the news a lot over the past couple weeks, fighting a bill that was passed in Florida. In reaction to that we are seeing FL state strip Disney of self governing status . This will cost DIS money and will add red tape to their operations. This negative fundamental news is matched with a very bearish technical set up. DIS just lost crucial trend line that had been held for over a year. Now that this trend line is broken I believe we trade down to support around $100.
Disney's Troubled Waters$DIS has been in a slow decline since March 2021 ATH.
Recent political winds have shifted and Florida is rescinding the "Reedy Creek" special purpose district that's been in place since 1967 following partisan policymaking.
The most recent declines this week are not indicative of the much broader weakening of consumer sentiment, more a doubling down and reinforcement of the economic headwinds corporations are facing in light of rampant inflation and a Federal Reserve that is no longer able to accomodate loose monetary policies.
Given the likelihood of central banks taking dramatic steps in the coming months and major economic indicators screaming correction, it's not surprising to see companies like Disney & Netflix show significant weakness as consumers curtail spending.
This appears to be more of a leading indicator of corporate valuations coming down... similar to the declines at the outset of 2020 before the pandemic really took hold of the global economy.
Expect $DIS to test the 200 EMA around $91 in the next two months.
Further bearish price action is expected to the March 2020 $79 level.
Depending on the broader market's direction and significant recession risk, as the Fed begins divesting assets from its balance sheets along with rate hikes not seen in over a decade... Disney may see even further retraction given its reliance on retail consumer spending behaviors.
Recent relevant market pullbacks:
1. Dot.com bubble w/ ~65% retracement
2. Housing bubble with a near 60% retracement prior to Federal Reserve quantitative easing and near zero interest rates.
The Walt Disney Company (NYSE: $DIS) Wicks Thru Golden Pocket!🎯The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners. It also offers direct-to-consumer streaming services through Disney+, Disney+ Hotstar, ESPN+, Hulu, and Star+; sale/licensing of film and television content to third-party television and subscription video-on-demand services; theatrical, home entertainment, and music distribution services; staging and licensing of live entertainment events; and post-production services by Industrial Light & Magic and Skywalker Sound. In addition, the company operates theme parks and resorts, such as Walt Disney World Resort in Florida; Disneyland Resort in California; Disneyland Paris; Hong Kong Disneyland Resort; and Shanghai Disney Resort; Disney Cruise Line, Disney Vacation Club, National Geographic Expeditions, and Adventures by Disney as well as Aulani, a Disney resort and spa in Hawaii; licenses its intellectual property to a third party for the operations of the Tokyo Disney Resort; and provides consumer products, which include licensing of trade names, characters, visual, literary, and other IP for use on merchandise, published materials, and games. Further, it sells branded merchandise through retail, online, and wholesale businesses; and develops and publishes books, comic books, and magazines. The Walt Disney Company was founded in 1923 and is based in Burbank, California.
DISDisney looks to be sliding towards that 110 price lvl and maybe lower. Ugly action with any correlation to streaming in the market this week.
Regardless of streaming prices are outrageous for Disney and likely more poor result on the way.
Disney Short Setup Looks like there is such a thing as bad publicity.
$DIS barely hanging on. I think anything above $150.00 is a fairly safe place to short the Disney stock. While I have not entered a short position yet, I am considering it and I will update this chart when I do it.
How deep? I think this thing can easily lose another 50% - 60%.
We will watch !
God Bless!
Disney: Try AgainDisney
Short Term - We look to Sell at 127.19 (stop at 131.94)
A break of bespoke support at 130.00, and the move lower is already underway. Trades with a bearish descending triangle formation. Our outlook is bearish. The trend of lower highs is located at 142.00. News events could adversley affect the short term technical picture.
Our profit targets will be 113.78 and 102.30
Resistance: 130.00 / 144.00 / 155.00
Support: 110.00 / 100.00 / 90.00
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