GROM - Tiny OS Highest Short Interest = Short Squeeze ComingGROM has one of the highest reported short interests in the market it briefly squeezed from under 2 to around 4 this week
Then the shorts used the company doing a small 3 MIL offering to attack taking GROM down nearly 40 % on news
This shook many retail but let shorts win for the day, but I don't think this is an opportunity to pick up shares before the shorts get squeezed again
GROM now is left with what still is a relative tiny Shares Outstanding under 7 MIL
GROM now has plenty of cash to execute on its business and grow revenues and a clean balance sheet paid down debt interest
GROM has accomplished management with the connections to really grow this company
Do Your Own DD
SEE LINKEDIN
Jared Wolfson - CEO with some real nice connections
JAKKS Pacific, a leading designer, manufacturer, and marketer of toys and consumer products
Skyrocket Toys, Pacific Animation Partners, The Walt Disney Company, and Zag Entertainment
Russell Hicks, Chief Content Officer and President of Top Draw Animation
prior was with Nicklelodeon playing a key role on SpongeBob SquarePants, Henry Danger, and The Loud House
Prior worked Warner Bros. as VP of marketing for Cartoon Network, and produced content for Disney
Brent Watts was the creative force behind Will.i.am’s Wizards and Robots and award-winning title designs for films such as Lemony Snicket’s A Series of Unfortunate Events, and Universal’s Land of the Lost.
I went into this thinking this just as a trade but I after doing some digging I think this stock is going to be a huge winner for years and years .After it moves 100--500% on its next Squeeze I might just tuck away some shares for the long term
stocks moving just wanted to put my thoughts down before it moves up to much again
In summation I like this STOCK
Disney
NASDAQ 100 Index approaching 200 day moving averageTesla, Meta, Google and Disney all higher last 5 days
MARKET TALK
Big tech up sharply during the last 5 days, are investors discounting the “pending” recession and betting on the strength of the US consumer to support big tech earnings throughout 2023?
Tesla: up +9.43% last 5 days; earnings beats the street reported record revenue for Q4 2022
Meta: up +5.75% last 5 days; earnings due out on February 2nd; estimate to earn $1.5 per share against previous actual earnings of $1.64 per share (EPS)
Google: up +7.02% last 5 days; are the recent headcount and cost reductions good for shareholders?
Walt Disney : up + 6.10 % last 5 days; reports earnings on 8th of February; estimate to earn $0.8012 cents per share against the $0.3 cents per share earned during previous earnings period
TECHNICAL COMMENTARY
NASDAQ 100 Index (US 100 CFD)
Faceing hard resistance at its 200 day moving average….can the prevailing short term uptrend remain intact?
Multi week higher tops and higher bottoms on price indicate a prevailing short term uptrend (5-13 days), the index faces strong resistance around the 200 day moving average spotted near to the $11,950 (round number) while downside very short term (1-5 days) support seen at $11,740 and $11,550; provided price can hold above these supports or manage to break above its 200 day moving average (see chart) the prospects favor a continuation of the prevailing uptrend for short term (14-25 days) upside potential targets towards the $12,420s.
Not investment advice. Past performance is not indicative of future results.
DIS - Price Targets & Stop Loss📈 What’s up investors! 📉
Welcome back to another one of
💡“Mike’s Ideas”.💡
I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy”. Follow for more ideas in the future!!
I have 4 levels marked and colour coded on the Chart.
These levels are:
⚪ White = Entry Point
🔴 Red = Stop Loss
🟢 Green = 1.2:1 Risk Reward Ratio
🟡 Yellow = 1.5:1 Risk Reward Ratio
🔵 Blue = 2:1 Risk Reward Ratio
👀 So what are we looking at today…!!!
🚨( DIS ) The Walt Disney Company🚨
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 networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films 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. Further, it licenses its intellectual property to a third party for the operations of the Tokyo Disney Resort; provides consumer products, including licensing of trade names, characters, visual, literary, and other IP for use on merchandise, published materials, and games; operates a direct-to-home satellite distribution platform; 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.
Disney to find support at psychological support.Disney - 30d expiry - We look to Buy at 100.22 (stop at 96.86)
Previous resistance at 100 now becomes support.
Trading close to the psychological 100 level.
We look to buy dips.
Short term momentum is bullish.
We look for a temporary move lower.
Bespoke support is located at 100.
Support could prove difficult to breakdown.
Our profit targets will be 108.44 and 110.44
Resistance: 108.84 / 113.00 / 118.00
Support: 104.50 / 100.00 / 98.00
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Disney - Let The Fun Begin! 🎩Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on MONTHLY: Left Chart
DIS is sitting around a strong support in green 85.0 - 95.0. For the bulls to take over long-term, we need a break above the blue resistance 120.0
Meanwhile, since we are around a support zone , we will be looking for buy setups on lower timeframes.
🏹 on DAILY: Right Chart
For the bulls to take over short-term, we need a break above the last high in gray.
Meanwhile, until the buy is activated, DIS can still trade lower inside the monthly support or even break it downward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DIS - Is the bottom in?It is hard to tell what is really going to happen to disney. The valuation on a fwd PE looks to be reasonably valued as well as a low price to sales ratio. The question really is, are they going to pay down their debt over the upcoming years and will they have the free cash flow to support paying down that debt.
From a purely technical standpoint, it is at the 61.8 retracement level from the 08 lows to the 2021 highs. With price going all the way back to 2014 and at two levels of big support, I think there is good risk/reward for the short term and potentially the long term if this is it's low. I think the big driver moving forward that has to become the dominant player in the space is it's streaming business.
A close below 87 and you can see volume drop off pretty heavily so this baby can fall fast. I will most likely look to short and pick up shares at $65 if that were to happen.
This is not financial advice! Good Luck!
$DIS Just not ready!?!If we watch this ticker where it is, it is practically in no man's land. We know it is in a down trend but the question is this, will this be the bottom for a reversal.
We are wedging here but if you are not careful you would think that this is the time to jump in the stock.
DON'T!!!
Get a break out above or a rejection before you commit.
So lets put it into perspective.
Bullish case: This is the level needed. Yes it is far from the break of the trend line, but if we hold above here it will help fins support for the reversal. Above 95 we can race to test 100. The divergence could help push it.
Bearish case: This down trend from august 2022. Don't fight the trend.... 85 level will be tested if this reject and fail to make a higher high. Lets see if the pivot plays out and forces the stock to head back down to the bear line.
DIS reversal
NYSE:DIS wave analysis
Starting 8th of March 2021 we have a big impulse wave down (1to 5) finished or almost finished.
The interesting part is that Wave 5 has taken the shape of an ending diagonal.
An ending diagonal in the words of R.N Elliott is singling "The price has come too far. Expect dramatic reversal ahead."
So we need confirmation that the price breaks the minutes 2-4 trendline and the bigger impulse wave is done and dusted.
I'm doing all my work on Tradingview, so if you find this useful give me a like.
Thanks for your support! For more chart analysis like this please get in touch.
Disclaimer: This is my analysis and does not constitute financial advice!
Historical buy opportunity in DisneyThe algorithm is showing Disney in a very important historical support zone.
In the chart you can see the historical channel and how the price is approaching the support line. Furthermore the 80$ is a key support that if it's lost could move the price to 43$ easily because there is no other serious support or historical volume.
So, by buying slightly over 80$ or even 90$ you can use a very tight stop loss and unlock a potential of 60% to the first take profits or even 120% if the prices goes back to maximum price.
Right now and leaving in the first take profits, you can risk 1$ to earn at least 6$ which is a crazy risk reward ratio for any trader.
DIS major support W/ minor resistance.Here we are looking at DIS on the daily TF.
As you can see here we are looking at a trend line going back to 2013. The Yellow line acted as resistance until the end of 2013, then a break out occurred. The yellow line now serves as a great support and even re-tested the line at the Covid lows in 2020.
The support line (yellow line) I have outlined on the chart connects all the way back to the 2013 and should be support again in 2023.
If price continues hitting that support line (2-3 more times), we can expect a break below that line and then it will act as resistance once again.
In the immediate short term, You can see the down sloping Green trend line which is being tagged with the 3 purple rectangles. That line is acting as resistance and will only need a couple more hits before that line breaks and the price should break above it.
The yellow support line and the green resistance line is creating a wedge pattern and eventually it will break one way or another.
Being as the green line is minor and the yellow line is major I anticipate a bounce and a push through the green resistance line.
What do you think DIS will do next? Let me know in the comments!
Cheers!
DIS Trade Idea
$DIS is looking good for a small bounce / PullBack so the Bears can Reload their shorts .
I'm in this one Long using CALLS for DEC 30 / STRIKE 90. (Theta is against me, so I need a fast and reliable move to the upside to make any money)
But again, another great R:R, but counter trend, and as s a beta weight of 0.70 with SPY, we need the Markets to bounce to help this trade.
#tradesafe
DISNEY 1 HOUR IDEA HELLO GUYS THIS MY IDEA 💡ABOUT DIS is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this SHORT position..
and when the price come back to this area, strong sellers will be push down the market again..
DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like and follow Thanks
DIS 9 DEC 22 91/ 16 DEC 22 96 Diagonal BEAR RALLY SET UP:
DIS made a new swing low 11/09 and since then it has made its way back to the 50day with lower or equal volume making this a potential bear rally. The entire market has been in a bear rally, so based on the patterns forming, this should make it's way lower to fill the gaps below.
I used the doji candle on the 28th as my reversal candle at the 50day. And today it trigger because it traded below the previous days candle. Momentum indicators suggests more downside.
I'm set up for max loss on this trade so if this decides to head higher, I'll be ok and move on to the next trade.
I determined 91 would be a safe middle zone target based on the downward channel I drew. And if the market decides to bring this lower....to lets say 84 or 83, that would touch the lower trend line and could bounce back up to 91 to hit the apex of the trade on the 9th.
DIAGONAL SPREAD STRATEGY:
If this falls below my 91 target before Dec 9th, I'll wanna see if this goes down and touches 83 or 84. Lets say it gets there by Monday the 5th. It may want to rebound back to 91. If it does that and gets to 91 by lets say the 8th, I'll close out the entire combo. If this just stays below 91 by the 9th, I'll close out the entire combo as well.
If this goes sideways until about the 8th or the 9th (that would be around the upper trend line which could happen) I'll still have the Dec 16 96 strike. I'll have to watch it the week of expiration to see if I'll wanna close this out a couple days before the 16th.
If this goes higher I'm set up for max loss, so I'll just move on to another trade.
Ideally I wanna see this at 91 or lower by the 8th because I prefer to close the entire combo and move on to another trade.
Disney DIS Short - Descending Triangle/Head and ShouldersDisney DIS Short - Descending Triangle/Head and Shoulders
Disney preparing to break down from a descending triangle . Expecting low $80s price range.
Longer term there's a clear Head and Shoulders pattern that would break down if the descending triangle also breaks
DISNEY - POTENTIAL SHORTDisney was down trending on the 4H timeframe from Nov. 1st to Nov. 9th 22. After a pullback to the .618 fib level, price from the stock began to consolidate and price condensed. Dec 6th price broke out of the consolidation and retested on Dec 13th.
The Price Action of Disney stock is currently creating a Bearish Pennant . If price can break $92 and reject successfully, a short could be profitable.