DIS potential bear trap?DIS can easily break down the strong strong support. But if the area below is a pocket of liquidity, we might have an opportunity to catch some trapped bears. Look at the bear trap in Jan. 2021. HMMMMMMM Looking delicious. Let's wait and see what happens this time.
I will try to see if I can include these potential traps in our Real Life Trading UK free week videos next week.
DIS trade ideas
Downward Break from a Triangle.Earnings miss. DIS has done a nose dive at at least support levels and is dancing on a level that may or may not hold.
There is are support level(s) down below. I am not fishing and just watching for now because this could possibly fall again. I do not see a bear flag, yet, or signs of a dead cat bounce. It is just doing a unenergetic dance at this support level for now. If price stays above this level for a bit, and forms a bullish pattern, then I may bite. The next major support zone is too far below price for me to buy this now unless some bullish activity occurs.
Strong stock as a rule, I just want it at the right time is all. The symmetrical triangle it broke down from, if it follows the triangle targets which does not always happen depending on market sentiment, could take this lower. Often a support level can interrupt a pattern playing out or save a security from further demise. A sign of a bottom, like an inverse head and shoulders in the future would be a good thing.
This triangle shit the top trendline on touch 5 and did not break to the upside. Nothing is a given and price can stay in a triangle for quite a while. I have a short attention span and begin to lose interest if I am trying to go long and price hits the top trendline on the 5th touch and there is still no cigar )o: This could be called a descending triangle as the bottom trendline is fairly flat with a very slight slope to the upside noted. Does not really matter, as price can break UP or DOWN from any triangle, and this one broke down.
One can guesstimate targets by measuring the wide end of a triangle and projecting it up or down from the trendline. For a downward break, I project it from the top trendline downward beginning at the last touch of the top trendline. There are more than one way to measure targets and we are all different. There is always the possibility it will fall to a lesser fib level of that projection, or an extension of that projection as well. It can depend on the security and market timing.
The alligator is indicating a down trend still in progress.
Oversold today on daily RSI. It is possible for Oversold conditions to persist for extended periods of time, especially if there is a lot of supply at this level.
No recommendation but will I revisit this if something changes (o:
Disney fell on earnings. Is it a bargain stock now?Hi everyone,
[ symbol="NYSE:DIS"]NYSE:DIS fell 7% last Thursday after the Q3 earnings report.
Is it cheap enough to buy now?
Let's find out.
Earnings disappointed investors with reported revenue being off for 1.4% from the estimates (bullsh*t analysis).
Consequently, price bounced from 158 level support, but it came back down and is threatening this trend line now.
Just reminding you that pre-pandemic price level was around 150 .
Is the company doing worse now then before the virus?
Well, yes. It does.
Q4 2019 revenue, just before the virus outbirst, was reported at 20 billion.
Now, almost 2 years into recovery, Q3 yields 18.5 billion.
Trading off pure fundamentals, I would not invest in this company.
Trading purely off technical indicators, however, I would not be surprised to see the price consolidate in the projected box around the trend line support.
If it accumulates enough power at the trend line with low volume, it will burst out higher again.
I personally classify this stock as a risky one. Trade it at your own risk.
As always, trade wisely and good luck!
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Disclaimer!!!
This is not financial advise
Walt disney going down !Hey everyone, I meant to share this analysis sooner, I knew this was going to happen for months now but price was showing so much support on 169$. but anyways, we broke out of the triangle with a huge gap, we might wanna fill the gap before going toward targets.
I think this stock has too see 135$ or even less. you might wanna short in every opportunity ;)
Good luck and have profitable trades.
Don't forget to like and follow.
11/8 Weekly Earnings Calendar Spreads (SYY, DHI, CAH, DIS)Description:
Some potentially attractive Calendar Spreads I'm looking at putting on based off of the close on Friday.
CAH looking especially attractive.
Announced Earnings Dates
SYY 11/9
DHI 11/9
CAH 11/9
DIS 11/10
Long Call Calendar Spread
Levels, break-evens, and R/R will be updated when positions are filled.
The boxes on the charts right now are the profit ranges at expiration for ATM Calls
You could always spread the puts instead of the calls if you want a slight bearish bias on the stock post earnings.
Criteria to enter:
At least 4:1 R/R, measured from max profit to debit required to enter.
Break-evens outside the expected move
Intend to close directly following earnings.
*Stops based off underlying stock price, not mark to market loss
Only invest what you are willing to lose
Break-evens and R/R vary on fill
Disney Analysis 03.11.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button.
Thank you for watching and I will see you tomorrow!
DIS | 29 Oct 2021 |LongDIS | 29 Oct 2021 |Long
Green box and up box determined by ATR. at the moment the ATR or volatility in currency is low. In my option, DIS's volatility will be increase, it will be bounce up or filling the gap. It is more like to bounce up as I think uptrend in SPX and DJI will continue. I set up Take profit and Stop-loss in for both case.
Entry: 169.68
TP: 178.88
SL: 168.53