Disney
$DIS - Getting ready for its final move?Disney is on wave 5 from the covid lows. Its sitting on 2 AVWAPs and was rejected off another AVWAP. It tested the DTL from the wave 3 high after being rejected at the AVWAP of the wave 3 highs. There's currently a volume shelf at 175-176 where it has been consolidating.
All signs point to a large move up, especially with Marvel phase 4 starting up, the charismas movie season coming and Disney plus showing strength in programing.
Invalidation below a daily close of 167, confirmation above daily close of 202.
GROM Grom Social Enterprises Inc. Price Target Today i will share with you a private call and a potential target for the stock. The undervalued stock is GROM!
GROM has has a team of professionals with prior experience in animation giants like Disney and Nickelodeon. CEO is Brett Moyer.
GROM partnered with Dynamite Entertainment, a leading independent publisher of comic books and graphic novels.
I am also a comic book collector and i know some titles can turn into movies and grow their value. it`s the marvel, dc trend as well.
GROM acquired Curiosity Ink Media, a producer of original multiplatform family entertainment and announced that Curiosity and global production and distribution powerhouse Toon2Tango GmbH & Co. KG will develop Santa.com into an original animated musical holiday special. (prnewswire.com)
The Market Cap of GROM is only 33Mil, low float, 8mil shares out there. Where have you seen such a low float recently?
My price target is 10usd!
DIS (weekly) Here is DIS long-term count starting in march low with some important levels and gaps. DIS bounced recently near 200 daily MA, could be potentially the end of the corrective cycle. MACD curling back up and RSI over the neutral level are also good news.
I would like a break of 190 to confirm it or this could only be the B wave of the corrective cycle meaning that we can see a potential gap fill below 170, would also confirm that we are currently forming the right shoulder of the Head and shoulders pattern.
DIS is a good company to have in your long-term portfolio, always on the shopping list.
DIS Daily Looks ReadyNYSE:DIS broke the down trend line and looks ready to take off.
It gave a small retracement bar today which gives us a perfect spot for an entry at $180.09
The stop loss should be under the local low at $170.31
The profit target is the ATH at $203
Risk/Reward Ratio of 2.3 could be better but good enough with this clean of a chart.
DISNEY (DIS) - WAVE FORECASTDisney has achieved a logical target for this corrective movement. In the chart, however, a slightly bearish H&S formation can be seen, which should be observed in my opinion. 166 USD is crucial: A break below that level would activate 2 more targets to the downside: 155 or (144). That would be a perfect entry. On the other hand, this formation can dissolve very easily. That would also correlate with my bullish view for the overall market. Important for this is a break of the 183.39 level. Then disney can attack the ath again + i see targets around 225 USD.
Weekly Outlook! 6/28 - 7/2Check out what stocks we are watching for the coming week! As well as a recap of last week's video!
NASDAQ:BYND
BYND we are looking for a breakout of consolidation that we've been seeing over the 200sma. Confirmation level is over $152 but can take anything with good strength over $149
NYSE:MA
Looking for a nice breakout over the $380 level as we saw a nice long term trend support bounce last week!
NYSE:UBER
Uber has been consolidating over the 200sma over the past few weeks. We finally look ready to take another move up with a breakout over $52
NYSE:DIS
DIS looks to be breaking trend resistance. This is a play we entered last week. We'll see a new short term uptrend confirmed if we can hold the $181 level this week!
DISNEY opportunityKeeping a close eye on the current structure with Disney at the moment, I have been a long term trader/investor with Disney for a while and its served me well how ever reduced position over the march push as the amrkets seemed a little cooked and been waiting to reenter and start pyramiding orders again.
Pretty clear H&S forming on the daily right now and a large gap between the current formation and the structure from mid to late 2020, not to mention price chopping below the 100 day EMA
A break down of this formation and support level could see fairly sharp price action between these price points and a much better entry (Im not trading options just spot)
The other possibility is we bounce on this neckline, crack the right shoulder and continue the current macro bull whilst the fed continues to print bills into QE which should see the markets artificially move with it.
Ill be keeping a close eye on the volume and candle formation over the next week looking for signs of bulls entering here, an increase of volume, coupled with maybe a morning start close to this support could be enough to give me a the confirmation to take the entry...how ever ill be cutting losses early if its quickly met with a break down or volume diminishes straight after my entry.
The key here is conviction, I need volume to back up my decision or im out and waiting for a lower entry back around 152 or even lower as that sell off could trigger a considerable down trend.
Give it a few more days either we stay invested with disney or shelf it on the watch list for a few months lol
$DIS 28%+ of revenue via digital media. 2-3X any other sources.$DIS Area of contention. Short and long-term convergence. Expecting a long-term bullish continuation. 2 currently released Disney+ Premier movies released. 2 more coming during the summer. 28%+ of their revenue generated via digital media. Nearly 2-3X any other source of revenue.
Mickey Mouse going back to 200?I am really liking this setup for a swing trade...
I would keep an eye for a confirmation break of this downward trend-line and the .382 fib around 181.
Oddly enough... .the weekly supply happens to right in between the .5 and the .618 fibs so certainly expect lots of resistance within this zone
My game plan:
7/16 190c on a confirmation break of ~181
PT1: 185.36
PT2: 189.73
PT3: 197.30 (1D SUPPLY)
Walt Disney Company | Fundamental Analysis - Opportunity ? 🔔he Walt Disney Company ended the second fiscal quarter with 103.6 million subscribers to its streaming service Disney+. Although that was more than double the number in the same quarter last year, analysts had expected Disney+ to have 109 million subscribers at the end of the quarter.
The stock has dropped sharply since the earnings report was released and is now down 4.3 percent year-over-year. Investors are probably questioning if Disney is still a good investment.
Here are some important points from the Q2 results that hint that the House of Mouse is doing well and the current decline could be a good buying opportunity.
Disney was already actually set to frustrate investors after Netflix missed its own subscriber forecast in the quarter ended March. There was a strong surge in subscribers to streaming services during the pandemic, which may take a quarter or two to level off.
Nevertheless, there were lots of aspects in the earnings report meaning that Disney+ is still on track to meet its long-term subscriber goal. For instance, CFO Christine McCarthy said that Disney "grew subscribers faster in the last month of the second quarter than in the first two months." And that's in spite of the first price increase for Disney+ since launch.
Covering the near-term outlook, CEO Bob Chapek said: "We're on track to reach our forecast of 230 million to 260 million subscribers by the end of the fiscal year 2024."
Even after price increases last quarter, Chapek said that "we haven't seen a significant increase in subscriber churn after price increases in region."
The company anticipates subscriber growth to be greater once content production returns to full capacity. Chapek said that "the anticipation for the new Marvel series "Loki," which will be released June 9, is off the charts."
Don't forget that Disney has racked up more than 100 million subscribers without using the deep pipeline of Star Wars and Marvel content that company executives announced in a
December presentation to investors. As the company adds more content from these powerful franchises, the number of subscribers should increase.
Disney's average revenue per user (ARPU) fell 29% to $3.99 during the quarter. It, of course, contrasts with Netflix's 6% annual growth in the last quarter. But there's more to it than that.
The drop in ARPU is due to the launch of Disney+ Hotstar in India, which brings in less revenue per user than Disney+ in other markets. Excluding Hotstar, Disney+'s ARPU would have been virtually unchanged at $5.61.
"As we move into the rest of the year, we should start to feel the positive effect on Disney+ ARPU from the price increases we have undertaken around the world," McCarthy said.
Of course, theme parks are still an important part of Disney's business, with revenue of $26 billion in fiscal 2019. Revenues from Disney's parks, attractions, and products fell 44 percent year over year this quarter. But that's an improvement over the 53% drop in the previous quarter.
Company executives said more good news during the earnings call. "At Walt Disney World, attendance trends continued to improve steadily throughout the second quarter, and guest per capita spending was up again by double digits from the previous year," McCarthy said.
Disneyland Resort opened on April 30, and management is "very enthusiastic" about the response from guests.
It's hard to say where the stock will move in the short term, but Disney franchises are some of the most valuable in the entertainment industry. It's safe to say that once Disney adds more content from its top brands on Disney+ and the rest of the business fully recovers from the pandemic, the stock price will likely trade higher than it does now. So, yes, you could consider the price decline a good buying opportunity.
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Have a Good Day trading !