$DIS with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $DIS after a Negative Under reaction following its earnings release placing the stock in drift D.
4DIS trade ideas
11/9/22 DISThe Walt Disney Company ( NYSE:DIS )
Sector: Consumer Services (Cable/Satellite TV)
Market Capitalization: $158.150B
Current Price: $86.75
Breakdown Price ( hold below): $90.20
Sell Zone: $98.10-$89.45
Price Target: $68.50-$64.40 (3rd)
Estimated Duration to Target: 98-102d
Contract of Interest: $DIS 2/17/23 85p
Trade price as of publish date: $6.10/contract
DIS AnalysisPrice dumped lower as per my previous analysis without hitting the bearish POI at 109.88. Right now, the bullish POI at 90.23 has been violated and price has broken market structure to the down side. I'm expecting a bullish retracement to fill the fair value gap before continuing lower.
$DIS Is Disney Headed to the Low 80's?I'm open to anything here on $DIS I just went back to see where the next area of support might come into play... Looks to me to be the low $80's. Only time will tell. But, I'm thinking when it starts basing might be a good time to get a "value" stock. TBD. I'm not ready to buy just yet and it's too late to short for me. Ideas, not trading / investing advice.
DIS - BEARISH SCENARIODisney`s Q4 report released yesterday was a little nightmare for the investors. The company reported EPS of $0.30, $0.29 worse than the analyst estimates of $0.59. Revenue for the quarter came in at $20.15B versus the consensus estimate of $21.38B.
One of the reasons for the worse results is the additional spending to grow their streaming services.
Although Disney+, reported 164.2 million subscribers in the fiscal fourth quarter, surpassing the estimates of 161 million. The streaming unit lost $1.5 billion during the period.
The next two price targets are:
$92 support level
$82 support level
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Cup Handle formationSupply being made to new demand.
Cross of emas.
Increase buying pressure.
Bullish Divergence
Earnings watch 11/8Earnings watch 11/8:
NCLH
OXY
DD
DIS
LCID
WKHS
PLUG
OCGN
AFRM
AMC
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*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Trading View app!, Brokerage UI
Accurate indicators & settings
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Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
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pi RSI - trend momentum
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60-Min The Walt Disney Company (DIS) with Helio Mercury Aspects1. 60-Min The Walt Disney Company (DIS).
2. Helio Mercury trend lines. Note gaps near trend line touches.
3. Helio Mercury aspects, progressions, and numerology. Note gaps near aspect/price/time square outs.
DIS $148 on `12/8?We should see a 50% rally by year end. 148 is the 50% retracement of Wave A, completion of expanding triangle, and wave 4.
DIS AnalysisPrice playing out well as analyzed last week. Right now, my expectations are unchanged. I'm expecting price to mitigate the bearish POI at 109.88 before price reacts to go lower.
October Gainers (DIS, account up 1%)Fifth gainer in October is DIS . Holding period is 21 days (10/4/22-10/25/22). Account up 1%.
This year, my account is up 78.9%, average holding period is 13 days.
My trading method is mostly short term and is independent of market swings.
Will keep updating on my trades.
Long-term uptrend still holdingIdeal situation for position-trading: Almost perfect uptrend trendline + two attempts to break through it. I'll try to buy the stock, no call/put options this time (because time in a trade can take 10-12 months). Buy @ $100-105, TP $150, SL $85.
DIS AnalysisPrice did not play out according to my previous analysis. I was expecting the lows at 90.23 to be taken before a bullish retracement. Right now price has broken market structure to the upside. I'm expecting price to head towards the bearish POI at 109.88 next.
love to buy Disney at 128Read latest article here
It has dropped about 22% from its peak of 203 level. I hope it will continue to fall further to 128 level so I can accumulate more. At current price, I will assess if bullish patterns will emerge next week before I go long some more.
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
DIS AnalysisPrice played out rather well from my expectation last week. Price mitigated the bullish POI at 91.80 and bounced off from there. I was expecting the lows at 90.23, but it barely hit that level. From here, I'm expecting the lows at 90.23 to be taken this week.
Disney BreakdownThis is my breakdown for Disney and where I plan on potentially entering.
Obviously if some major news comes out that can change my bias.
DIS AnalysisPrice is playing out according to my previous analysis. The lows at 90.23 is potentially the next target for this down move. My expectations are unchanged.
