$DIS one last dance around $100 NYSE:DIS is compelling. Has been stuck in this channel dating all the way back to 2014. Hard to imagine that if you invested around 2014-2015, you're likely still sitting around your cost basis, but I guess that will happen when you have zero direction.
Broke through it's previous resistance ~ $100 after previous earnings and is down big today after a major rejection at a decade long EQ. I
think NYSE:DIS is a great play, if we get the chance to enter around that level.
If we tag $100, we're likely going to enter a longer term bag.
Mickeymouse
Historical buy opportunity in DisneyThe algorithm is showing Disney in a very important historical support zone.
In the chart you can see the historical channel and how the price is approaching the support line. Furthermore the 80$ 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.
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.
$DIS - Disney during the last week of September (9/27 - 10/1)Mouse Man had a rough week after the CEO guy on TV said no dividends next quarter. Or something? (Honestly, I don't remember).
ANYWAY -- I think more chop is coming next week. The most bearish scenario I have has Disney testing the 168 area, but I won't post that until the price action breaks down a bit more.
Overall market sentiment should play an interesting part too, as some hesitancy still exists for October.
more later,
bye buds.
DIS ER Run Up!$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
$220+ by May $Earnings$Nobody is watching the Disney Channel anymore (the green trend channel on the chart). DIS is now playing in a new Disney+ channel.
Stock is overbought on RSI indicator, but DIS just won't chill. People don't realise but DIS is in two boats (and a cruise line): Boat 1: "recovery stocks" given the parks and cinematic revenue Disney is known for. Boat 2: Tech / Streaming! When we talk about "sector rotation" just think about why Disney sees very little of that rotation fatigue.
I feel DIS still has huge upside, but it WILL cool off first. If you are looking for a starter position, I would target $183 as an initial entry. $160 range would be a goldmine entry. As predicted in my previous analysis, we saw the $160 touch in Jan2021. But for now, Mickey Mouse is on the run!
My May 2021 earnings target: $220+
Good luck traders!
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 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 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