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Disney

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.
OTC:NTDOYLong
by Karam08
1
Americans gets ready to go to DisneylandPotential gain:40% Reward/Risk:5 Timeframe: 3-6 months I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to continue this. Stay tuned great live stream and quality content videos coming soon..!
NYSE:DISLong
by Moshkelgosha
6
DIS ER run up DIS ER run up ... after a month long correction, Disney is getting close to breaking out of this downtrend channel and looking to make a push back to ATH. Watching for a clean break of the downtrend with an increase in volume and a hold above 173.50 to confirm reversal. With Strong growth in the streaming service and as they continue to push out great news with new film plans (marvel, star wars, etc) I'm very optimistic on DIS er! For option contracts I am Looking at 180C for 2/19. (liquid contract: medium risk/ high reward)
NYSE:DIS
by jUiCE_Trades
4
$DIS doesn't look good hereHello my dear padawans of the charts. I hope everybody had a good weekend and is ready to start what promises to be a good week for the markets given the amount of (good) stocks that are reporting earnings this week. DIS is not among of them, but its ER is coming soon on 02/11. Of course things can change, specially with earnings around the corner (and Disney+ getting so many subscribers), but things are not looking good for DIS here. It is looking weaker than in my previous analysis (link below). TECHNICALS In my previous chart DIS was above the long term resistance. However, it failed to stay there. It is now below that resistance and struggling to move back up. It found support on the 14/21 emas but didn't move much to the upside. It is sitting on the 21-ema now after having broken below it a few times. Other things to take into account: 1. MACD crossed over bearish and is moving down to the 0 level. If it crosses below it could be very bearish. 2. The 14 ema is about to cross bearish under the 21 ema, another potentially strong bearish signal. 2. ADX is curling down very sharply, meaning the current uptrend is getting weak. 3. -DI is moving up while +DI is moving down, meaning a change in sentiment is happening. 4. RSI is still above the 50 level--where it is sitting--but has been moving down steadily 5. The gap was still not filled. Gaps don't need to be filled necessarily but since DIS reached ATH and is in retracement, it seems that this is an exhaustion gap, which most of the times is filled. BEARISH SCENARIO If DIS keeps going down, it will probably find support on the 50ema and some fib levels on the way, so expect price action there and even reversal depending on other factors. If you are a long term holder I think anywhere on/below the 50ema is a good buy opportunity. Keep in mind that the price could fill the gap and continue going lower but if you are in for the long term this should not scare you. You would still be getting the stock at a discount from ATH. You can DCA your way into it as well. (Not financial advise). NEUTRAL/BULLISH SCENARIO DIS could benefit from potential euphoria generated by the earnings of big players this week and continue its sideways move (or even move up). Given the indicators, I am bearish in the short term but there are other forces on the market that cannot be ignored. Again, keep in mind earnings is right around the corner, so plan to trade around it as well in the coming weeks. Safe trades my friends! Share the love: If you get anything out of this TA, please like the chart so it moves up and others can benefit from my work. A simple click on the like button goes a long ways. Follow for more: I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot! ***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
NYSE:DIS
by Safe_Trades
Flag Pattern on DIS, We are ready to execute this setupToday, we will show our view on DIS; let's start with the Weekly view: The price is above two key channels, and we don't spot any other Dynamic resistance zone for the price On the 4hs chart: We can see a clear Flag pattern supported on the secondary broken ascending channel. Based on the Fibo extensions we can draw, we expect a bullish movement first towards 200 and then 225 The green line represents our activation level for the setup; We will set our stop loss below the Flag pattern and break even when the price reaches a risk-reward ratio of 1:1
NYSE:DISLong
by ThinkingAntsOk
4
Disney's price on a crossroadHolidays are over and it is time to get back into the markets, refreshed and with new strength. I am making another revision of Disney as the price on Friday closed at the internal trend support and played out the small bearish flag. Volumes were higher than Thursday as there were 12.23M shares traded against 8.951M shares on the day before Friday. The activity had increased before the weekends, but with that dip buying before the close, it looked more like long position covering. Now two options are on the table that will be crucial if confirmed by the price action. 1. Price dips inside the $165 - $169 zone and we may see potential trend-reversing price action; 2. The zone holds and Disney'sprice resumes inside the uptrend with the broader market; Be cautious on the first trading day after the break.
NYSE:DISShort
by DailyChartist
4