Double top for Disney ?hi all,
this came up due to me helping a friend, here we have Disney on a 1hr chart, with a possibility of a double top, (awaiting the 2nd red candle)
this double top is at the top of a uptrend, which buyers have tried to push the price up twice, in failing to do so this could mean a bearish turn and we could gain a few pips on the way down!
** this is not financial advice and this is my opinion and this is for educational purpose only **
trade safe and good luck
L
DIS trade ideas
Disney Analysis 06.09.2021Hello 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 days/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.
I would also appreciate, if you would smash that like button and help me to create more free analysis like that.
Thank you for watching and I will see you tomorrow!
Dis one of my favs right nowDIS has been one of my favorite setups for awhile, but continues to be rejected in the 180's. Based on the symmetric triangle this thing could take until November, but I think it will break out sooner then that.
Wave theory has a intermediate wave 1 PT of somewhere in the 190's at a minimum (if minor wave 3 goes on a 261.8 extension it will be 200's).
there is a chance we see a drop / consolidation down to around the POC before catching support and hopefully making our move higher. On the weekly time frame we continue to be rejected at the 30 MA, when that breaks I expect a retest and then launch. This one should provide us some fireworks soon, definitely worth having on your watchlist or taking a long position on a dip WITH TIME! (if options)
Stop loss for me would be uptrend break to the downside
Clear Buy/Sell signals on 15m time frame for DISUsing the Options Alerts indicator () to automate fibonacci retracements, support & resistance levels based on previous candles, Clear Buy/Sell signals with a dashboard showing overall trend.
Testing this indicator with Heikin Ashi on 15M DIS chart, shows more accurate & timely Clear Buy/Sell Signals.
$DIS -- Methinks the Mouseketeers are about to #printI'm too tired to post any clever witticisms but Disney looks primed to run to 185, especially if it quickly turns 180 into support this week. Feels like there's a little bit of pump left in SPY/QQQ (mostly due to to Tech) before big money turns back to pumping IWM (see: SPRT, BBIG...)
Anyway, DIS 180c/185c should be fun to play this week (9/17 and 10/15 viable IMO). Quicker fingers can probably flip 200c's as well if things get really bullish.
night night kiddos.
btw I tried ketamine and my review is: "eh, not for me."
bye!
$DIS Weekly Disney appears to be forming a rounded bottom implying a move to the upside - PT $200 by mid to late OCT. Williams %R and MACD showing bullish confluence. Call flow hot with a buyer watching for a break above the AVWAP at $181.8.
Like the idea of the 10/15 $195C and 180/175p credit spreads.
Trade Setup: Buy/Long Walt Disney Co.Published just after midday on our client platform. For more insights and real-time ideas, get in touch today.
Today on European markets, travel firms and retailers are leading gains, with optimism around potential re-openings. During yesterday’s US trading session, we also took at a look at leisure firms (including Royal Carribean Cruises), with the price action and structure firm amidst sentiment. In a related sector, the Walt Disney Co (DIS) has been a trading sideways since it’s recent earnings release however yesterday’s candle formation is signaling potential for move higher. In addition, the trading range has contracted while the price is rebounding off it’s rising 200-day moving average.
For the trade to trigger, we would like to see a close above $183.22, combined with a positive day (higher close than previous day) as well as a breach of the symmetrical triangle formation.
These are my provisional levels:
Buy on a close above $183.22
Stop: $177.40
Target: $197.00
Last Close: $181.30
DISNEY - Is she ready ?Well I'm looking at disney on the weekly chart and then on the daily chart ,
I streched the fibo on the weekly chart and it seems like it stopped about the first resistance after the pull ap from 3/2020 + the volume is getting low
Then ,as you can see, on the daily the price stopped on the 200MA and it made a beautifull green candle which perhaps is pointing us that DIS is ready for another move.
ALL OF THE ABOVE IS FOR PURPOSE EDUCATIONAL ONLY
YOU MUST DO YOUR WORK BEFORE TAKING A DECISION TO BUY OR SELL STOCK
$DIS Upcoming earnings estimated November 11, 2021Upcoming earnings estimated November 11, 2021.
Disney's FY 20 revenue was distributed as follows:
28.39B Digital Media
16.5B Parks, Experiences and Products
9.64B Studio Entertainment
16.97B Direct-to-consumer and International sales
Digital Media generated nearly 40% of total revenue and double any other source of revenue.
The revenue during the latest twelve months ending June 30, 2021 was $63.591B, a 8.9% decline year-over-year.
The revenue during the latest quarter ending June 30, 2021 was $17.022B, a 44.51% increase year-over-year.
Disney’s 2021 third-quarter Parks, Experiences and Products revenue segment jumped 307.6% to $4.3 billion, up from $1.06 billion during the same period last year.
In each of the previous five quarters, Disney has reported a loss in operating income in the segment because of the Covid-19 outbreaks.
Current reservations are above third-quarter attendance levels. However, recent increases in Covid-19 cases have prompted some group and convention cancellations.
DIS resistance and possible rejection off 161 fib levelThrough the parabolic rally of 2021 DIS has now reached the 161 level of the March drop. This often becomes a critical inflection point. If broken, it can be a strong indicator of a bull trend but if the price rejects away from a 161 (Or makes a small false breakout that fails and breaks back under the 161) this is often one of the earliest warning signs of a trend faltering.
$DIS Disney primed for a big move to the upside. This is a texbook chart. It has completed the 4th and is about to commence the 5th wave.
All MA's are coiled and it has been trading in a very tight range in the last couple of days, that's very bullish.
MACD is bullish (both histogram and cross).
Disney’s ESPN sports-betting deals could net $3 billion,therefore I'm pretty sure we'll see $300 in the near future.
DIS BreakoutLooking back at the last five times the MacD crossed bullishly on the weekly chart for Disney, we get (on average) a 24.2 percent move over 3.3 months. The MacD on the weekly is curling again, with a turning point of around 173 on August 2. If we use the average, we should be at 215 (24.2 percent from 173) by the middle of November (3.3 months from Aug 2). This coincides with the length of wave 1 from the wave 4 low (167) for wave 5 to complete a five wave impulse from the covid bottom in March 2020. With delta variant cases peaking and finally trending down, we should see some money rotate into travel/leisure plays like Disney.