Disney (DIS) +11% following announcement of streaming serviceDisney announces at investor day that it will charge $6.99 per month for Disney+ and $69.99 for an annual subscription.
DIS
Weekly ascending triangle on Disney.DIS (Disney) is currently within a weekly ascending triangle pattern. We've tested the flat-line of resistance around 120 three times, and we've tested the rising line of support about six times and buyers have shown up to defend it each and every time. It is now trading above the 50/100/200 weekly moving averages, and it appears it wants to test that flat resistance level around 120 again. I'm watching for a potential break up out of this ascending triangle pattern into a new price discovery phase.
Moving average guide (All Weekly for this post):
50 weekly moving average in Green.
100 weekly moving average in Yellow.
200 weekly moving average in Red.
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
WALT DISNEY - Sell OpportunityThe price is at the resistance zone between 115.00 and 116.00 levels. We get a reversal candlestick pattern which can be used for opening sell positions. If the price drops below the low price of this signal candle, it will be a confirmation of the further downward movement. The targets for the sellers should be 112.00 and 109.00 levels.
RSI is going to confirm the price reversal from the resistance zone. MACD and DMI still support the upward movement, but for getting additional signal confirming the strength of buyers, the price will have to move above the high of the signal candle and stay above the resistance zone.
Update DIS: Disney is about to breakout towards $130 targetDisney is a longer-term position with an expected target of $170. Content distribution as the driver!
Long $DISGoing long on Disney based on a few factors:
Launching their own streaming service
Avengers Endgame at the end of this month
Earnings on May 8th
Ascending triangle shown on chart
I think that based on those factors we'll see a retest and break of $120, afterwards we'll see price discovery in the upwards direction.
Long DISGoing long on Disney due to several factors:
Disney streaming service launching April 11th
Captain Marvel and Avengers Endgame revenue
May 8th Earnings
Ascending triangle as shown in chart
I think we'll break the all time high of $120 based on these factors, which will then lead to an upwards price discovery.
Excited for DisneyCaptain Marvel releases in a week! Heard talk of streaming services along with more tv shows.
Plenty of sources of revenue for Disney to go up further. My Target is 150
UPDATE: Target for Disney - $170, perfect stormWARNING: Investing in single equities comes with balance sheet risk, if you want to invest in single equities make sure you understand the volatility of the asset, catalysts, your portfolio is in some way diversified and you have strong risk management.
Disney a Superhero?Disney penned a deal today with Hulu to create 4 Animated Marvel superhero series! The Megalodon is giving us a buy on the technical side!
The Megalodon indicator uses an artificial intelligence, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all asset classes! Send me a message if you would like to try it for yourself!
Looking GREAT!Keeping an eye on Disney as a buy right now. Getting those rights to Marvel and the movies and new park possibilities is fundamentally beautiful as a reason for them to just keep profiting. People love Disneyland. Why not Marvel-land!? Make a freaking Avenger-land and we'll rake in the profit from all the revenue.
DIS supply zone + bull pennant breakoutDisney remained strong through the 1/22/19 consolidation day, and is contracting for a potential continuation breakout. Target 117.
$DISWatching this chart. With content being their edge they are entering the streaming service market. Hope to buy around 100-105. any break below will stop out any break above and retest will be added too
DIS - LongDIS potential long play. looking for a pullback from 12-10 close. ex: 50% retrace of tail, hoping to see $111.00 for entry. looking for $118.00
DIS primed for a sharp bounceDIS primed for a sharp bounce from $100 to $106+ this week. Weekly calls at strike $102 are only about $1 for a 300%+ upside if this plays out.
DIS primed for a sharp bounceDIS primed for a short bounce from $100 to $106+ this week. Weekly calls at strike $102 are only about $1 for a 300%+ upside if this plays out.
Short DIS Or puts Medium Term High probabilityWhat i see here is that ascending channel could be start to broke, in the short term $dis could go back to $112 in the next couple weeks if breaks that level is going to test 108-112 level, new resistance $117.00 what i see is higher lows, looks tired the stock so maybe $115 puts Dic 21-28 or if you will to take more risk OTM $112 Puts Jan 2019. GL to everyone, Dis is a good stock to hold forever BTW is relative cheap, but in order to gain more P/E has to growth in direct to consumer business but is to early to tell so in the mean time you could or buy puts!
Goofy goes scuba divingPossible double top. It could also look as a bullish pennant breakout and retest, but the possibility of a fakeout and double top is very real. The breakout looks really weak. + those last two candles, lol. Bullish meme pennant charts everywhere. I hope I'm wrong
Yeah it looks like there's plenty of bubbles forming possible tops everywhere I look
Just posting random ones, they're endless
DIS: Multi-timeframe Time@Mode trendsThe yearly and quarterly trends are up in $DIS. Weekly is back at accumulation support here, and bouncing off it, while the quarterly had retraced down into an ideal long entry level to capture the trend in motion in that timeframe. Signals have large targets, so any dip in this stock is a buy. Key Hidden Levels in the daily offer multitude of profitable long entries, while the trend consolidates in lower timeframes, following the bullish bias from longer term patterns. In short: buy the dip!
Weekly can trigger a trend in a week or two, I plotted the potential upside on chart, in cyan. Daily is oversold, but needs to climb back above the last earnings support level, see the chart below:
Cheers,
Ivan Labrie.
Dis Possible ShortI personally like Disney is going to last even when im not here in this world, but the problem with dis is, that i would take a lot of time to probe that the new direct to consumer platform actually works, lets be honest, yes NFLX is overvalue and dis is undervalue, but NFLX has been in the market a lot of time, and yes, dis has 100x better balance sheet but people still go home and watch nflx not disney plus. and if people actually do it would take years to gain market share. thats they reality.
for the current market conditions, if you are long the stock take profits, i see a strong support $112.00 and strong resistance $120 that has not been broken since 2015. but honestly i see also could potentially fall to $105-110 before making new highs. if you are long maybe is time to tame some profits.
But if you are short maybe you could enjoy some money!
Earnings Stock of the Day: DISDisney reports earnings today. The chart has been in a bottoming formation since April of 2018 as this company had a business contraction in 2015. The stock is below its all-time high. The bottom is on the short term within a Trading Range of 30-point dimension. Weekly Chart of DIS shows the trading range. The stock is postured to attempt a breakout of the trading range. This requires that the stock move above the previous all-time high to form a new all-time high. It must sustain the new high and move higher for the trading range to be concluded technically. This length of trading range action typically patterns out the excessive speculation of previous years.
DSNY broke it's wedge to the upside. Likely to spike.DSNY is primed for a great bull run for the next three years, as it ramps up it's subscription streaming platforms. Seeing that NFLX's market cap is valued at roughly the same as DIS, one can see how much premium Wall Street could give Disney's online streaming plays. From a chart perspective, DIS recently broke out of a wedge. Given DIS out-of-the-money call options a year or two only contain around 22% implied volatility, these options have tremendous upside.
