DIS trade ideas
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
Walt Disney Company Analyze🐭 !!!The Walt Disney Company, commonly known as Disney, is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California.
Walt Disney Company runs near the Resistance line and my PRZ(Price Reversal Zone).
Also, we can see Heavy Hidden Divergence(HD-) between Price and MACD Indicator.
I expect Walt Disney Company can lose ❗️20%❗️of its value.
Walt Disney Company Analyze (DISUSD), Daily Timeframe (Log Scale /Heikin Ashi)⏰.
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$DIS - At critical support $DIS is at critical support. If $93 breaks, $80 is possible which is pandemic low. RSI and Stochastic are in oversold territory.
If $93 support hold, it can bounce to $100 which will act as resistance.
Bearish target - $80
Bullish target - $100
Remember $80 is when parks were shut down and no one knew when they can reopen!
NOW, with all the parks opened and increased Dis+ subscribers, espn with all sports playing and soon betting option, are investors giving the same value as when the company had zero income during covid.
Negativity has become too extreme!
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Disclaimer: Not investment advice.
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DIS AnalysisPrice did not play out as analyzed last week. I was expecting price to rally into the bearish POI at 109.88 before going lower. Price went lower without any mitigation. The bullish POI at 104.57 was invalidated straight away. Right now, the target for this down move should be a deeper mitigation of the bullish POI at 91.80, and potentially the lows at 90.23 before we see any bullish retracement.
Good Chance of Disney Capitulation (fire sale!)Disney showing order absorption price structure at its major support zone on the 2-Month chart indicates a better than 50% chance of at least a bull-spring formation under the support or a markdown below it.
I'm certainly going to be setting limit buy orders around $70 and $50 a share to hold for the next few decades.
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
DIS Buy signalDisney has come out on top from its competition with Netflix in the movie streaming industry. Q2 was a pleasant surprise for investors of Wall Street, and as the economy is recovering because of the large amounts of capital movement from Europe to the US, Q3 is likely to have a positive uplook. Retaliatory spending by consumers on theme parks and Disney+ subscriptions will push the price of the stock. Strong support at $100-$110, some resistance at $120. Suitable for short term investment. Wall street analysts show a Strong Buy.