DIS earnings announcement target $128
DIS Q4 earnings 11/12 at 4:05pm
Consensus: p/e = ($0.68)
Revenue: $14.34 Billion
I just don’t think that there will be a favorable price action after it’s earnings announcement. I think Mondays manic market took the wind out of DIS surprise better than expected earnings loss, if there is one. If you are a long term investor, this will just be a temporary hiccup. Disney has a long term uptrend going into next year with hopes for parks re-opening and the strengthening of it’s Disney+ online until then. If you are trading DIS tomorrow, it will most likely trade up for a fair time, but I’d be short into 4pm close - Friday’s open. Also, depending on how the earnings call goes, positive guidance could, with a lesser probability, persuade positive price action too.
Do your own due diligence, your risk is 100% your responsibility. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading 101*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
Debt / Cash
Book value, assets
7 Common mistakes:
+5% portfolio trades
Bad risk management
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books
Sorted watchlist
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
tradingview.com/u/growerik/
Consensus: p/e = ($0.68)
Revenue: $14.34 Billion
I just don’t think that there will be a favorable price action after it’s earnings announcement. I think Mondays manic market took the wind out of DIS surprise better than expected earnings loss, if there is one. If you are a long term investor, this will just be a temporary hiccup. Disney has a long term uptrend going into next year with hopes for parks re-opening and the strengthening of it’s Disney+ online until then. If you are trading DIS tomorrow, it will most likely trade up for a fair time, but I’d be short into 4pm close - Friday’s open. Also, depending on how the earnings call goes, positive guidance could, with a lesser probability, persuade positive price action too.
Do your own due diligence, your risk is 100% your responsibility. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading 101*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
Debt / Cash
Book value, assets
7 Common mistakes:
+5% portfolio trades
Bad risk management
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books
Sorted watchlist
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
tradingview.com/u/growerik/
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.