Disney is repeating previous head-shoulders reversal pattern?
My answer for the topic is yes.
Disney has broken above the downtrend line, and formed a bullish head-shoulders reversal pattern, exactly repeating the previous price action in Oct 2023.
Now it moves in a bullish channel.
personally, in a short-term, I will take the nearest resistance level (high volume area) as the target for this rally.
what's your opinion?
Disneysell
WALT DISNEY COMPANY (DIS) Weekly, MonthlyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly and weekly arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
Disney: Bullish Consolidation Analysis 1H (Apr. 21)X FORCE GLOBAL ANALYSIS:
In this analysis, we explore the bullish probabilities for Disney's case (DIS) based on its bullish consolidating technicals and strong fundamentals.
Technicals
- We see a textbook ascending triangle pattern, which is a bullish consolidation pattern
- An ascending triangle pattern in a downtrend signals a potential bullish trend reversal
- We can count Elliott Triangle Waves (ABCDE), and see that wave E has completed forming as well
- The Relative Strength Index (RSI) shows great strength on the daily, creating higher lows and higher highs
- The Moving Average Convergence Divergence (MACD) also shows increasing bullish histograms on the daily as a sign of momentum
Fundamentals
- When Disney is not aggressively investing into its direct-to-consumer business, it has generated close to $8 billion of free cash flows.
- Disney's balance sheet is strong and affords Disney plenty of flexibility
- With that said, half of Disney’s operating income is generated from its Parks, Experiences and Products segment
- Considering the Parks closed so far and the potential closure of others will have a substantial effect on Disney’s near-term overall profitability
- However, Disney's fundamentals remain exceptionally strong, and the long term picture still remains intact
What We Believe
We believe that Disney is an impressive business, with broad diversification, expected to grow consistently over the medium-term. While this company was hit by the Corona Virus (COVID-19) more severely so than other companies, technicals demonstrate potentiality for a breakout, leading to a small bullish rally.
Trade Safe.
Walt Disney Company (DIS) - Opportunity to SELLHey everyone, here's the analysis on DIS. Hit the LIKE button, follow us & leave a comment on ideas you would like to see next!
Summary:
Current price could drop from our R1 zone to our S1 zone, presenting us with a good opportunity to sell.
Action:
Sell Limit: 109.65 - 112.00
Stop Loss: 123.00
Take Profit: 96.40
Analysis:
On the monthly chart, R1 zone was a key breakout zone along with a strong fibonacci confluence and a pullback of our trend line. There is limited upside in the current price and it could drop to our S1 zone, as illustrated by the yellow dotted lines. If the S1 zone does not hold, we could see price drop lower to our S2 zone before a bounce there.
Disclaimer: There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. Trading BEAN and all individuals affiliated with this site assume no responsibilities for your trading and investment results. All contents featured here are solely for educational purposes and ARE NOT investment or trading advices. Please do your own due diligence and trade at your own risk.