DIS, Walt Disney Company - Gap on breakoutNYSE:DIS
Even if the pattern is perfect from a technical point of view, sometimes the breakout is too violent creating an upward gap in which there are no longer the conditions to enter Long due to the distance from the entry point and the stop loss.
In this case Walt Disney Company, a company that we like from a fundamental point of view, broke the resistance level, and we didn't enter because there weren't the favorable conditions to be profitable in suitable times.
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Waltdisney
Walt Disney potential head and shouldersLooking at the chart, technical setup shows divergence and a right shoulder forming right now, could be great for next week to short it on Monday. A lot rides on Powell tonight, non-farm data was quite negative. This could be a good trade to short at least until the gap is closed. Also seems like the 5th wave is finishing here. So we could see a corrective wave A now.
Walt Disney is a massive giant with $251.16B market cap. Recent spike was due to launch of its online streaming service. Most banks and funds expect the price to reach $160 before potential reversal.
Good Luck!
Walt Disney Gave Warning in its Fox DealWalt Disney warned investors and analyst that the Fox deal, which closed last March would further affect earnings.
On Tuesday, CFO Christine McCarthy stated the firm’s assumption in its fourth-quarter profit would be lower due to the acquisition. And it will be down by around 45 cents per share. But the house of the mouse remains to have a positive outlook on the benefits of acquiring the entertainment giant.
Aside from that, the studio came with titles like The Simpsons and X-Men. And this gives Walt Disney a better chance to compete toughly with other streaming services such as Netflix and Amazon for viewership and dollars.
Then, Disney in November will launch Disney+, its own streaming service. And aside from its vast library content, it also has all of the entertainment assets of Fox.
CEO Bob Iger stated during the earnings call on Tuesday, “We analyze the 21st Century Fox opportunity entirely through the lens of our business.”
Earnings of Walt Disney
In the extended trading on Tuesday, shares of Walt Disney slipped after failing o reach the analysts’ expectations. And it blamed the earnings miss on the $71 billion deal and the cost of merging with the Fox entertainment assets.
Moreover, Alan Horn and Alan Bergman will supervise the integration of 21st Century Fox’s film strategy under the Walt Disney umbrella. Also, these two have been veterans at the firm and were responsible for most of the success with the Pixar, Marvel, and Lucasfilm acquisitions.
During the third quarter, the house of mouse said that Fox’s Dark Phoenix was the reason for dragging on the company’s massive box office haul. And now, the company will have complete creative control over its upcoming films.
Walt Disney is already dominating the 2019 box office. And the firm earned over $8 billion worldwide from ticket sales so far.
Walt Disney Company stock longs at demand levelWhen trading supply and demand imbalances we don’t really need any indicator or add-on tools to tell us how and when to place a trade. Let’s take a look at Walt Disney Company stock #DIS using supply and demand imbalances as technical analysis without a single indicator dragged on the chart, just price action and impulses.
See below a monthly chart for Walt Disney Company stock #DIS trading in New York Stock Exchange. Disney company has broken all time highs around $122 per share a month ago, a very strong impulse has been created which is being in the process of create a new demand imbalance. The big picture trend is bullish, Walt Disney company is in a clear uptrend, only longs at new demand imbalances are allowed. Why should we need to add all kind of indicators like Bollinger Bands, CCI, RSI, MACD and exponential moving averages to make a trading decision when price action is telling us that all we can do is go long. But where can we go long, a new demand levels. This attached chart for Walt Disney Company stock represents a monthly chart, each candlestick is a month of time. It’s pretty clear that the whole move started around $113 per share, that’s where we would be interested to trade if the trend is still bullish by the time price revisits the impulse.
This is a very simple way of how to trade stocks, we must wait for the imbalance to be created and then wait again for price to pullback to the origin of the move. www.set-and-forget.com
Looking GREAT!Keeping an eye on Disney as a buy right now. Getting those rights to Marvel and the movies and new park possibilities is fundamentally beautiful as a reason for them to just keep profiting. People love Disneyland. Why not Marvel-land!? Make a freaking Avenger-land and we'll rake in the profit from all the revenue.
Walt Disney analysis 111.85 has been a key support on many occasions before on the daily timeframe and just recently it has been used as a support, the price again is coming down to test this 111.85 price and could again bounce and go long.
You can also see that price is staying in the trend lines, so an all round bullish movement is expected with some pullbacks, we will be buying on all the pullbacks and compounding.
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The Walt Disney $DIS: Han 'Flop' Solo won't stop Mickey Mouse! NYSE:DIS
It does not matter if they 'hold' new spin-off from Star Wars; Mickey is the new bad boy on the block.
However, we must be patient and hold our breath until the stock price becomes attractive - at these levels, the upside is capped and not much to squeeze. Still, the long-term uptrend is in place just a bit exhausted. Too much noise from Trade Wars.
Ideally, let's wait for a deeper pullback between $97/$94 then and only at that moment, we want to add longs.
Best Regards,
José Ricaurte Jaén
Dubrovnik - Summer 2018
WALT DISNEYThe breakout of the blue trendline (and for breakout I mean a close above the trendline) will give a bullish signal on Walt Disney. First target (where to close part of the position with concomitant movement of the stop at break-even) in the area $ 107.25/107.30. The stop loss at $ 98.65/98.60. Personally, I will wait for an eventual pullback (or, at least, a Ross Hook, before opening a long position).
DIS - Walt Disney Copany Long tradeWe can see a good buy on this trend line
My target is $110 per share.
This is my opinion.
**Disclaimer - This analysis alone DOES NOT warrant a sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.