DISNEY downside continued!DIS in continued downtrend. has bounced strong off support before, but the downside looks more likely if ER doesn't kill.
DIS trade ideas
DIS Daily Looks ReadyNYSE:DIS broke the down trend line and looks ready to take off.
It gave a small retracement bar today which gives us a perfect spot for an entry at $180.09
The stop loss should be under the local low at $170.31
The profit target is the ATH at $203
Risk/Reward Ratio of 2.3 could be better but good enough with this clean of a chart.
$DIS the range is getting thighterDisney has been playing around the 0.236 retracement for almost two months. On Friday it broke out of the wedge and maybe will start running to the next meaningful level at 186
DISNEY (DIS) - WAVE FORECASTDisney has achieved a logical target for this corrective movement. In the chart, however, a slightly bearish H&S formation can be seen, which should be observed in my opinion. 166 USD is crucial: A break below that level would activate 2 more targets to the downside: 155 or (144). That would be a perfect entry. On the other hand, this formation can dissolve very easily. That would also correlate with my bullish view for the overall market. Important for this is a break of the 183.39 level. Then disney can attack the ath again + i see targets around 225 USD.
Inverse Head and Shoulder patternWe are consolidating at the moment, but it looks like we are about to make another leg up.
Price failed to stay below the S1 Pivot and got back even above the P-Pivot.
Price currently sits at the most important resistance, which makes this the fourth trend-line touch.
We also have an inverse Head and Shoulder pattern, which is also a bullish sign.
If we don't have any huge gap-down in the broad market, then we will break-out.
DISDisney broke this resistance then retested. Currently holding a doji candle. Aug 20 180Calls at 3.8
Looking to break out!Waiting for a wider turn to the 10MA from the 20MA. Has runway to move past $200.
$DIS Wedge SupportDisney shares appear to be bouncing off of wedge support here, which could cause a large breakout to the upside. Good Luck!
DIS on verge for breakout!!forming a symmetrical triangle on daily and weekly. a inverse head and shoulder on 1h/2h chart. Entered with 5 $175 calls expiring january.
$DIS - Long on Elliot Wave and Curve$DIS Looks to be entering that Wave 5 and has nice uptrend channel and holding the blue curve. Curve says 240 by November and EW 225 by October. GL!
