Disney
The dollar country!For this one if the trend is your friend fibonacci must be your girl friend, we can see a very healthy accumulation on the weekly chart since may, the price tested the 4,94 about 2 times now and doesn't seem to be slowing down for another re-test any time soon
doted line = 20%, dashed line = 50%, straight line = 100%, if the price breaks the 50% trend line we can expect another re-test at 4,94 however if the price breaks the 100% trend we should look for high pivot point and a down trend reaching for 4,25
but we can clearly see that this is just an accumulation and the trend is up so far, if we break the 6 dollar resistance it's pretty much a no coming back type of run.
DIS' 2ed highest volume since Covid's low move a head up/down62 Million shares mark the 2ed highest volume since Covid's crash. We shall see what happen, technically we could go down
further more. I am long with few calls 211126 162.5 . Whether we go further down a bit more just like the charts below
or no we will go up eventfully. I made a mistake by buying early during OPEX week, we shall see what happen.
What do you think is coming next on DIS? Today we will define all the relevant levels on Disney either for bullish or bearish scenarios.
After the gap on the 11th of November , the price kept falling, and now it's a good time to think about reversal areas or the following bearish targets
My main conclusion right now is that we are on a Flag ABC pattern, which means that we may see content with the cloned channel (yellow lines), which makes convergence with the previous ATH in November 2019. That's a level that we should see bullish pressure to keep our bullish thesis valid.
However , if the price breaks that level and reaches 146.00, I will think that my bullish view is not valid anymore, and I would think about bearish targets on the next support level at 130.00
Despite the specific resolution, I think the current situation may be interesting to trade after we have a clear formation. Once we have structures with more than 250 days, it's pretty easy to look into the past for similar conditions and develop consistent setups based on a statistical perspective.
Thanks for reading! Feel free to share your view and ideas in the comment box.
DIS potential bear trap?DIS can easily break down the strong strong support. But if the area below is a pocket of liquidity, we might have an opportunity to catch some trapped bears. Look at the bear trap in Jan. 2021. HMMMMMMM Looking delicious. Let's wait and see what happens this time.
I will try to see if I can include these potential traps in our Real Life Trading UK free week videos next week.
Disney fell on earnings. Is it a bargain stock now?Hi everyone,
[ symbol="NYSE:DIS"]NYSE:DIS fell 7% last Thursday after the Q3 earnings report.
Is it cheap enough to buy now?
Let's find out.
Earnings disappointed investors with reported revenue being off for 1.4% from the estimates (bullsh*t analysis).
Consequently, price bounced from 158 level support, but it came back down and is threatening this trend line now.
Just reminding you that pre-pandemic price level was around 150 .
Is the company doing worse now then before the virus?
Well, yes. It does.
Q4 2019 revenue, just before the virus outbirst, was reported at 20 billion.
Now, almost 2 years into recovery, Q3 yields 18.5 billion.
Trading off pure fundamentals, I would not invest in this company.
Trading purely off technical indicators, however, I would not be surprised to see the price consolidate in the projected box around the trend line support.
If it accumulates enough power at the trend line with low volume, it will burst out higher again.
I personally classify this stock as a risky one. Trade it at your own risk.
As always, trade wisely and good luck!
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Disclaimer!!!
This is not financial advise
NETFLIX"Netflix Inc. overtook Walt Disney Co. in market value for the first time since last year after the amusement park owner's earnings stoked concerns about slowing subscriber growth in its streaming business." (1)
Right now, Netflix is in the Top 5 list of producers of original television and movies. After titles such as Squid Game, Stranger Things, and more, we saw a great pump in Netflix's value.
As NASDAQ announced, the ATH for Netflix is at $690.31, our most substantial resistance level.
NASDAQ is also showing Strong Buy Volumes for Netflix, which shows solid support for its value.
My research showed that Netflix has the potential to reach the $1000 levels (or close to that area), so it's safe to say that we have the chance to break this resistance after a few retests.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $682.61
Let me know your ideas.
Good luck.
Citation:
(1) "Netflix Is Closing In on Disney Again In Terms of Market Value."
finance.yahoo.com
DISNEY at the bottom of the channel :)) YA Boy TOPED UPPPDisney been at the bottom of this deadly channel. im a long term holder so im happy to buy at these prices
dividend payments from disNEY stopped coming in since last spring. maybe in 2 years? they will start back up with DIVYYYYS.
some downgrades because id DIS plus subscribers growth but we aint worried. they aren't even expecting to profit on DIS plus till 2024 lol
$DIS: America's Sweetheart is WobblyLabor shortages, increased streaming competition, sub par content as of late. Will value investors step in and save it at 170 or is this a major crossroads in the future of this giant. The bullish case here mostly lies in whether or not inflation will persist. If we see the dollar continue to improve, value names may be on the table which will involve this getting snapped up. However, if inflation is persistent it may be a huge struggle to retain labor and could put a dent in streaming profits
Disney | Fundamental Analysis 🔔So many things are going on at the Walt Disney theme parks in Florida this week. Disneyland officially turns 50 on Friday, and unveils 18 months of new rides, attractions, and themed merchandise that should make turnstiles click and cash registers ring.
The media titan stunned investors when the theme park segment returned to profitability last quarter, much quicker than anticipated. Now it's time to see if theme parks can turn back to pre-pandemic revenue levels. That achievement may be easier to accomplish than you think. Disney has set its sights on increasing its per capita income to the point where it can make more money with fewer guests than before.
Paying more attention to higher-paying visitors through a tiered park reservation system, raising admission prices for day guests and annual passes, and introducing premium entrance to expedited lines are largely unpopular moves for Disney World fans. But they are the reason Disney will not only withstand but flourish over the next 18 months.
The most challenging attraction in all of Disneyland was the "Star Wars: Rise of the Resistance" attraction. Since its debut at Disney's Hollywood Studios in late 2019, people have had to secure a boarding group through the My Disney Experience app. Until Thursday of last week, to get a virtual boarding group from stock, which usually ran out within seconds, you had to walk up to your phone by 7 a.m. Another similarly short window opened at 1 p.m. for those who were already in the park.
Because the high-tech attraction was frequently out of service during most weekdays, and visitors favored the no-rail, dark Star Wars-themed attraction, Disney encountered a supply and demand problem. After the attraction began running more steadily (and the crowds were few and far between in the seasonally sleepy September), the boarding process was modified on
Thursday of last week. Disney World did away with the virtual line. People can now get in line for the ride just like they do for the rest of the resort's dozens of rides.
The transition has been refreshingly smooth. According to some initial reports, wait times were as long as three hours, but most of the reported wait times were within an hour or two, which is more than reasonable for an attraction that raises the bar for critics.
Opening access for the ride is very important. Guests who want to visit the attraction no longer have to give up the idea if they plan to come to Disney's Hollywood Studios later in the day.
Financially, the transition now opens the door for Disney World to begin charging for access to the new Lightning Lane+ queue, which will allow park guests to get through to the attraction even faster. Disney will soon begin introducing lucrative (but controversial) premium pricing for expedited queues, as most of its smaller competitors have long done. As wait times for "Star Wars: Rise of the Resistance '' and other famous attractions are expected to jump this weekend (and remain long for most of the next 18 months), a lot of money can be made by allowing visitors to pay for shorter wait times and more time elsewhere.
Another effective and less provocative development working in Disney World's favor is that international travel restrictions for European visitors will be relaxed in November. Since its opening, Disney's domestic theme parks have been forced to cater mostly to visitors from the states. Now the door is finally starting to open for lucrative international tourists -- just in time to partake in the golden anniversary celebrations.
On Friday, all eyes will be on the Magic Kingdom theme park, where it all began 50 years ago. Epcot Park, located within the resort, will also draw crowds of visitors as the new Remy's Ratatouille Adventure attraction opens Friday. Both parks will also feature new nighttime shows, and both parks will have new roller coasters open for 18 months.
The other two Disney World theme parks will not attract as much attention as the resort's two original parks, but they will become tourist magnets for people spending a week or more at the resort. The advent of Lightning Lane+ will also make the resort's two most popular attractions -- Star Wars: Rise of the Resistance at Disney's Hollywood Studios and Avatar: Flight of Passage at Disney's Animal Kingdom -- more accessible to those willing to trade money for time.
All of this will lead to big business in the Disney theme park segment. Even those regulars who don't normally buy trinkets may not be able to resist buying commemorative merchandise for the milestone. Less frequent visitors who have been putting off a trip to Disney World will have few excuses not to visit now if they can afford the increased prices. This is a golden anniversary for Disney, but also a golden chance for a major travel and tourism industry company.
Trading Idea - #Disney "Let's make Disney great again"BUY LIMIT ORDER!
ENTRY: 163.84 USD (wait for the dip to the support zone!)
TARGET: 200.00 USD (20% profit)
STOP: 155.00 USD
1.) 163.00 USD provides a solid support level! Let's pretend that we will see a trend reversal!
2.) The number of subscribers to Disney Plus is not yet optimal. That caused the stock to go into correction. The medium-term subscription goals of the group still seem reasonable.
DISNEY LONG Aside from the traditional low to high fib drawing. I also utilize a high to high fib. These are my favorite set up. Here we have disney. 170 is the ideal entry zone with targets at 218. the 50% line has been respected multiple times which proves there is buyers at this level for now. long term target is 218. Stops below 162.
$DIS - Disney during the last week of September (9/27 - 10/1)Mouse Man had a rough week after the CEO guy on TV said no dividends next quarter. Or something? (Honestly, I don't remember).
ANYWAY -- I think more chop is coming next week. The most bearish scenario I have has Disney testing the 168 area, but I won't post that until the price action breaks down a bit more.
Overall market sentiment should play an interesting part too, as some hesitancy still exists for October.
more later,
bye buds.