Walt Disney CoDisney reversed course into an uptrend on Jan. 24 and on Feb. 3 printed a higher low within the pattern.Disney printed a higher high above the Feb. 1 high of $144.69, which further confirmed the trend. When Disney reached its Jan. 24 lows, it mostly filled a gap between $128.66 and $133.86, which should give bulls more confidence going forward. On Wednesday, Disney was working to fill an upper gap between the $144.69 to $147.15 range and if Disney has a bullish reaction to its earnings print, it could work its way back up into a higher gap between $153.13 and $155.17. If Disney has a bearish or muted reaction to its earnings print, the current uptrend will remain intact as long as the stock doesn’t fall below the Feb. 3 low-of-day at the $139.25 mark. If the level is held and bulls come in to buy the dip on a possible gap down, it will allow Disney to print another consecutive higher low, which would provide a solid entry point for traders not already in a position.Disney is trading above the eight-day and 21-day exponential moving averages (EMAs) but the eight-day EMA is trending below the 21-day. If Disney is able to remain above the 21-day EMA the eight-day will eventually cross above it, which would be bullish.
* Bulls want to see a bullish reaction to Disney’s earnings to prompt big bullish volume to enter the stock and drive up over the 50-day simple moving average, which would then indicate longer-term sentiment has turned bullish. There is resistance above at $147.85 and $153.88.
* Bears want to see big bearish volume come in following the earnings print drop the stock down to print a lower low to negate the uptrend. There is support below at $141.87 and $137.14.
Disney
GET READY FOR TAKEOFF!!!Within regards to technical analysis, while taking a deep look into the Disneys chart we see an ascending triangle pattern formed and now we are waiting for a breakout. The base of the triangle pattern formed on January 24th. It has touched the top twice and the bottom 4 times. In the past in regards to moving averages, we see that when the 20 day and 50 day moving averages are below the 200 day and as they inch closer to a merging point at the merging point the stock bounces in a bullish direction sending investors long. Right now our 20 days and 50 day days are stuck in our pattern today we closed with 5 candles on the hour hourly chart closing above these 2 and at the same time the 20,50and 200 days, MAs are getting closer and closer initiating the breakout. We see this pattern on the 1,5,15,30,45 minute chart, hourly and daily chart
Amazon and my shopping basketDisney, T Mobile, Amazon, Charter Communications, Netflix.
What do all of these companies have in common?
1) They are all >$100B market cap.
2) They all have >10B Gross Profits.
3) They are all at 52 Week Lows.
4) They're all on my shopping list.
Amazon just had it's worst week since 2018 after underperforming the S+P in 2021, but this behemoth isn't going anywhere. I don't need to tell you about the value of it's core ecommerce business that we all use, or the AWS that runs a huge chunk of the internet, the 2nd largest hosting provider with their cloud hosting servicing 42% of the top 10k websites by traffic (Source: BuiltWith), or the success of Prime through logistical brilliance, a successful streaming platform and acquisition of Wholefoods to make the most convenient home shopping platform in the world.
I don't have to tell you about the 31 acquisitions Amazon has made since 2017, 15 of those since 2019.
I don't have to tell you that Amazon is an incredible company that still has a long runway of success and innovation ahead in a growing number of sectors (drones? Yes please!)
That's why Amazon is one of my top choices for investment in 2022.
The business circumstances for each company deserve separate posts in their own right, but to put it simply these companies are the cream of the crop in their industries and we currently have a fire sale.
When the market dips, it's the perfect time to go shopping, and each of these companies deserve serious consideration in your portfolio. Do your own research and make your decisions, but when it comes time to go bargain hunting why not start with the best in class?
A few more stocks I'm looking at meet that >$100B market cap, >$10B gross profits, industry leaders but that are at 6 Month Lows include:
Estee Lauder
Target
Oracle
Blackrock
Salesforce
Alphabet (GOOG)
We can see where the market takes us this week, but I can say with certainty I'll be a buyer on a number of these names this week.
Disney Dip Buy ZoneI have been following disney for a month now. The count I have now is the same as I first saw it. The box is a mix of both the 61.8% of the whole impulse wave as well as the ABC pattern in the last wave down. Also, I'm watching REALLY CLOSELY for the Rsi to diverge as it is already making a lower low with the RSI st a lower low. Looking for support to confirm.
DIS BullFeeling bullish on DIS here lately. New Genie+ in parks will help bring in extra revenue, new rides and updated parks coming 2022. Imagineering getting a refresh it needs with the move to Florida from CA. Whats not to like? Chapek? He isn't my favorite so far but sometimes you have to crack some eggs...
DIS bullish trade DIS oversold here on 1H chart. Plus we have found support and bouncing from this TL here which has held nicely so far. Stochastics oversold and turning up here. Possible retrace to 153 here. SL below todays low. Plus we also have lots of call flow coming in for for the 152.50 strike calls for 01/21/22
$DIS Bearish set up into 1/6/2022 Post FOMC. Disney has broken a key support that it has had since early/mid December on the 1 hour. This coupled with a bearish triangle forming could see a clean break under 154.26 if $SPY also continues to fall. Under that there is thin price action and the next price target would be 152.47 and under that is 151.39. Puts under 154.26 here with relative strength for the day and $SPY confirmation.
Mega-Bullish On The Walt Disney Company (NYSE: $DIS)The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners. It also offers direct-to-consumer streaming services through Disney+, Disney+ Hotstar, ESPN+, Hulu, and Star+; sale/licensing of film and television content to third-party television and subscription video-on-demand services; theatrical, home entertainment, and music distribution services; staging and licensing of live entertainment events; and post-production services by Industrial Light & Magic and Skywalker Sound. In addition, the company operates theme parks and resorts, such as Walt Disney World Resort in Florida; Disneyland Resort in California; Disneyland Paris; Hong Kong Disneyland Resort; and Shanghai Disney Resort; Disney Cruise Line, Disney Vacation Club, National Geographic Expeditions, and Adventures by Disney as well as Aulani, a Disney resort and spa in Hawaii; licenses its intellectual property to a third party for the operations of the Tokyo Disney Resort; and provides consumer products, which include licensing of trade names, characters, visual, literary, and other IP for use on merchandise, published materials, and games. Further, it sells branded merchandise through retail, online, and wholesale businesses; and develops and publishes books, comic books, and magazines. The Walt Disney Company was founded in 1923 and is based in Burbank, California.
Pirates Of The Caribbean RideDisney is dropping faster than Joe Bidens approval rating .
NEVER short the top, short the bounces!
$170 to $180 are great places to short IF we even make it back there.
This is going to be epic.
This will be more exciting than Disneylands Pirates Of The Caribbean ride !
Are you ready?
Do you have your alerts set?
Grab some popcorn ladies and gentlemen because shorting has never looked so sexy.
- Ninja
$DIS Recoups Pre-COVID high - $DISI don't know about you but the fib extension on $DIS worked like clockwork. $DIS has now recouped pre-COVID ATH levels and the trend is appearing to reverse. This will be interesting to watch in 2022.
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Disney 1 hour chart MA lines have just turn all uptrendDISNEY (1-hour chart) had higher lows on 21 Dec compared with 1 Dec, with SMA20, SMA60 and SMA120 moving uptrend indicating a possible bottoming up and reversal.
1D chart showing RSI divergence in Nov resulting in the lowest low of 142 on 1 Dec.
1H chart showing overbought signal now. Wait a while to enter a trade when the price retracted.
Buy @ 151
Stop loss @ 146
Profit @ 169
Profit to loss ratio 3.2
Disney | Fundamental Analysis | MUST READ ! LONG SETUPAs you know, Disney World is getting ready for the holiday tour season, and an influx of guests at levels not seen in two years.
Recently, the media titan's theme parks have been a positive aspect of its financial performance. The parks, entertainment, and products segment stunned analysts by returning to profitability two quarters ago, and park revenues virtually tripled in the quarter ended Oct. 2. There may have been some obstacles along the way, but the House of Mickey is making sure Disney World is all set to surge in business. Let's see what changes this week.
Residents of California must have heard the explosions coming from Disney's Hollywood Studios shortly afternoon on Sunday. It was just the sound of The Indiana Jones Epic Stunt Spectacular returning to the park for the first time since the resort closed from the pandemic in mid-March 2020. Due to quarantine issues and staffing difficulties, the corporation has not hurried to resume live shows since the park reopened. Nevertheless, they are slowly returning to the resort's four closed theme parks, and the Indiana Jones-themed extravaganza is a pretty big deal given the show's large capacity. If your objective is to keep the seasonally increasing crowd of visitors scattered throughout the park complex, you'll want to make sure they have something to do.
Another welcome development this weekend was the return of streetcars to the parking lot. Streetcars play an important role in moving guests from the huge parking lots to the entrance gates. Since most guests are walking through the gates, they will no doubt be glad to be spared the long walks to and from their cars.
In addition, Disney World will expand its hours of operation slightly over the next two weeks. Usually, guests staying at fine Disney resorts can get into the park 30 minutes before the official opening. During the holiday season, they will be able to get into the park a full hour earlier. This will help reduce early traffic at the turnstiles, which is certainly a good thing.
This is the first holiday season for Disney World with Genie, Genie+ and Lightning Lane+, which the company launched two months ago. The new park optimization app and the more contentious replacement of the old FastPass system at a premium price show that Disney is raising the bar when it comes to using machine learning to deliver more personalized recommendations.
Guests can use Genie for free but must pay $15 a day for access to Genie+, which permits booking return windows for access to the Lightning Lane expedited queues that replaced the old FastPass system. And for the two attractions in each of the complex's four parks that require the longest wait times, Disney has added so-called Lightning Lane+ -- guests can pay an additional fee for one-time access to one of these expedited queues.
Over the next two weeks, however, Disney will move several attractions from the Lightning Lane+ system to the Genie+ platform. It may seem like Disney is losing money by doing this at the busiest time of the year, but the fuss makes sense. Genie+ has been criticized by novice users who feel the key return windows fill up quickly. Adding some Lighting Lane+ attractions to the Genie+ options will help boost supply at a time when demand is skyrocketing.
Four weeks ago, Disney World suspended the sale of most annual passes to new customers. It was a rather unexpected move for Florida, but it's a strategy that has been used for years at Disneyland in California.
Annual pass holders are some of the biggest fans of the resort, but they also pay $1 to $4 a day for year-round access. This is in stark contrast to the high prices guests who buy single-day tickets have to pay. Disney also recently made changes to the annual pass system, specifically adding more blackout dates during peak periods for less expensive options. The suspension of annual pass sales -- and the introduction of additional restrictions on when they can be used -- will cause Disney World's average revenue per guest this season to be much higher than in previous years.
The unpleasant backdrop to all of this is that cases of COVID-19 are on the rise again in Florida, across the country, and the planet. The omicron variant is highly virulent, even among people who have been fully vaccinated.
Disney World is not about to close, however. The company has already learned how to deal with fluctuating COVID-19 cases since it reopened last July. It has precautions and measures it can take, which tend to work, allowing it to operate safely in the new normal. Guests will still come, and Disney, as a leading company in the entertainment industry, knows - the show must go on.
Disney at bottom of channel $DIS in channel and is one of the only tickers I’m watching as of now. Still see lots of value.
Sitting at area of high confluence just below bottom of trend line and $145.80 support.
Great risk to reward play… .Risk .30 cents for $4 to top of channel IF the market can bounce.
This morning we rejected top of supply at 147.50 so we need this to reclaim supply for anything bullish really.
Going to start light with some $150 calls with my stop a close below premarket low 145.30
Disney December $164 WISHThis stock fell pretty hard, so a bounce back could happen. How high will it go.. I have no idea.
Taking a look at some trends and numbers, I think buying Friday might be the move.
Long term, I like this stock at $230 by next year. Short term, I like this stock around $160. I've marked some key numbers, if we do happen to see a turn around.