Disney
Analyzing the current situation on Disney (DIS)Today, we will take a look at the DIS chart:
A) The price is above a broken ascending channel which tells us about a bullish trend that has been accelerating
B) Finding Support on the cloned channel, we can see a clear corrective pattern (yellow lines)
C) From a Technical Perspective, this type of structure after the breakout tends to show continuation movements as the previous impulse.
D) The horizontal line is the activation level in which we consider our Analysis is active
E) We are using Fibo extensions to get an idea of possible Targets
F) The invalidation level is below the corrective structure.
DIS Long Option Hopped into Oct $185 calls here.
Price retraced perfectly to the 50% Fib line, and is now holding the .382
With a bullish market and top tier stock beaten down a bit from its last impulse I'm looking for a run up into earnings.
I'll be looking to sell at a $200 or 10/20% option gain (whichever comes first).
Dragonchain liftoff DRGN has been on a steady uptrend this year. Trey Rutledge, their person in charge of "special partnerships", is shilling hard. He says that their team has been in talks with the Biden administration and they said Dragonchain fits 9 categories for government use, in some categories they are the only choice. Strong fundamentals, maybe those Disney connections are at work. This is a good bet to make to see it tear to the top 100. Short term I expect to see 50 cents but I'm taking that last bottom as the start of a new impulsive wave to trace the potential Fib levels.
Disney Long (Believe the Mouse!) Been side trading in the 180-190 range for a couple of weeks, creating a wedge and we should see a upside soon.
support region at the 50MA - 185.5 & 100MA 175.
Long position due to;
1)COVID recovery play / hybrid business model consisting of traditional & streaming
2) strong vaccine push in the US, good for theme parks recovery
3) Growth potential thanks to Disney+
4) Disney+ launch in aggressive marketing in ASEAN countries (655.51 million population) in 2021 (well received in SG and cheaper than netflix)
www.marketing-interactive.com
blog.seedly.sg
Theme Parks around the world to recovery in order depending on vaccine play personal estimate.
China (Shanghai), US (California /Florida), Hongkong; Japan & Europe last.
Cable TV is dead, Netflix & Disney+ is the new wave.
Catalyst for TP - 13 May earnings release
TP High - 206 / Low 198
Disclaimer - This is purely for educational & discussion, Invest at your own risk.
$DIS will break $200 in the very near futureWith the recent deal that Fox made with the NFL (go Niners), I believe that this makes Disney a lock to break all-time highs very soon.
I have Disney on my 7 wonders of the stock market list (available upon request), so not only is this a safe bet regardless of securing NFL TV rights, but this simply secures Disney's position for the long term as well.
I believe that we will see a $220 DIS price for kickoff of the NFL season. Come back to see this post when that happens!
Simple trend spot, once it breaks the downward sloping resistance, it will fly.
Good spot to buy now, if not wait until first support and load up.
Disney is not going anywhere folks...
*Not a financial advisor.
**Don't judge me on my winners. Judge me on my losers, because there are so few.
Disney on the dailyDisney is looking prime for a push back to highs with tailwinds of news flowing in. Park reopening's are a bright spot in the push back to a bit of pre-pandemic normalcy and looking optimistic with strong streaming numbers continuing to reinvent the mouse.
Technically we see Disney holding a macro uptrend even through recent market chop and a nice hold of the 50 SMA. Overhead resistance looks to begin near the 20 SMA and continue into the shaded zone where we have influx of volume creating areas of buyer side resistance. Today was a nice day to solidify a continuation to the upside, but as always overall market volatility can be a major factor in continuation of movement.
In Moes we got in 2 days ago.
Time for the mouse to give a little back from those outrageous ticket prices.
$dis IS FOR YOU MAMICKEY IS LIKE A PROSTITUTE... YOU GOT PAY BEFORE YOU CAN SEE HIM/!! 206 FIRST PT OF RESISTANCE BREAKOUT FROM BULLISH TRIANGLE... fINAL PT 254 .... DISNEY IS A PRINTING MACHINE... CONTENT PRODUCERS IN THE STREAMING WARS WITH NEW CONTENT AND I LOVE THEIR A&E PARTNERSHIP... VICE CHANNEL IS GREAT LOVE HAMILTONS PHARMACOPIA I WANNA SMOKE THAT TOAD !! HHAHAHAH JUST KIDDING $peg! #1 IN ALL OF AMERICA THEMEPARK
Disney——> vault itDisney has a produced amazing results, it is one of the leader in entertainment industry. Disney is showing good bullish sign and has started its bullish journey. i believe it is ready to fly high.
I believe a good strategy will be a put credit spread or a leap. This price is a god entry point
Ideas are for entertainment, not a trading advice do trading at your own risk
DISNEY BEARISH DIVERSIONDisney reached the pitchfan resistance once again and could retrace >10% .
MACD , RSI and STO all indicate bearish diversion.
Take profits at fib levels.
Long term I don't think Disney will fall too much, I think the lowest it will go is the 0.5 fib line before returning bullish (and a potential long entry).
Warning for DISNEY!This rising wedge is looking scary.
A possible break to the downside is imminent (within the next several days).
We might get some support and bounce upwards, but we are close to crossing below the 50d MA.
Also a bearish divergence in the RSI is making me lean more towards bearish overall.
2021 dip buy @ 400$ ?Will we get a buying opportunity at $400 this year?
I know, it some people think it's crazy talk. NFLX is forming a classic bullflag, winning Oscars, what could go wrong?
Looking at the pitchfork, NFLX is at the top and even after a 17% drop from all time high, it hasn't had a deep correction.
The classic argument is that NFLX was a stay at home play. But I disagree, NFLX is too integrated in people's homes and has a solid loyalty profile. Where I do think NFLX will struggle in 2021 and part of 2022 is Hollywood adapting to NFLX. Big Hollywood measures "box office success" -- while NFLX, shares "some" level of data with them, and that's it.... something about "watched by 75% of NFLX subscribers" just doesn't spell "success" for the Hollywood players still.
I think as things open, we will see a **temporary** break from NFLX. People will go to the movies, get the expensive popcorn. It's nostalgic and Hollywood loves it too.
With any such pressure, and possibly a weaker or unclear guidance at next earnings call, I expect these could be some great dips incoming.
I'm patient on this entry.
Good luck traders.
NTDOY to 90$ in 2021? (Swing and Long term trade idea)I have been in a NTDOY swing earlier this year catching the run from November to Jan. For some odd reason (and I know we shouldn't trade on emotion) I kind of miss holding NTDOY. So, I had told myself I would look into a long-term entry at some point in time in 2021.
Fundamentals:
> Pays a nice dividend (although fluctuating based on profit)
> Not a Sony, not an XBox -- but better? The flagship switch is a handheld + a TV plug-in console. Meanwhile, Nintendo holds great nostalgic IP with Mario, Zelda and gang, which makes it a product millennial parents want to return to for their kids too.
> Theme park -- Although not the scale of Disney, Nintendo's partnership with Universal will lead to the opening of parks across Tokyo (opened now) Florida, Hollywood, and Singapore by 2025. Unlike Disney where they keep the revenue, Nintendo's deal appears to be mainly through licensing. But, more than how much revenue Nintendo can make here, the big shift is how Nintendo is diversifying. This is what you want to see in a long-term stock.
> Cathie Wood -- ARKK was investing big on NTDOY from the Nov drop and kept buying the stock consistently until March, which is when they started selling a little. A quick look at ARKK's holdings and you note Nintento is still a top 25 holding as off March 11, while (and I manually calculated this seeing they sold a little on March 11 and 12) -- they hold roughly about 4,595,000 shares of NTDOY in their portfolio today. This tells me that while Nintendo isn't viewed as Tesla style innovation play, there are still big things expected from their expanding eco-system in order to create value.
> It doesn't end at the Switch. Nintendo has been rumored to be launching a new Nintendo Switch 2 (Switch Pro) device. This was expected to be announced Q1 2021, but with COVID, this has been pushed to 2022.
Strategies:
Swing:
I am not getting into a swing here. But, for anyone interested, it's not a bad set up in my opinion. From where the stock is at present, there could be a 14% upside in the coming month.
Enter - $69-70
Profit target: 14% upside with 80$ Profit target
SL set just below 64$
Long-term strategy (hold until 2022 or beyond):
I expect some risks towards summer of 2021 (or later in the year?), which could see the price in the range of 57-62$ for a great long-term entry.
I would personally think for a long-term strategy, enter in the $68-70 range as an initial position and dollar cost average down if the weakness comes through. NTDOY is just bouncing off the 200 MA currently, so you're not buying at a high starting price.
Compared to many other gaming stocks, Nintendo is well-aged and reliable and still very relevant. It is a slower moving stock than some other gaming stocks, but if you're looking for a reliable long-term play, this seems like a great dividend paying play to keep in the bag.
Good luck traders.