Looks like the moment of truth for Mickey & Co. I have been covering this one for a long time, with numerous mentions that Disney is a sell / short. How low this thing will go, we do not know. Right now I am comfortable saying, -50% is probable. While there are many factors in play, the broader economy is weak and Disney has done nothing but push people away...
NYSE:DIS Disney is developing a head and shoulder pattern it could fill the gap if support doesn't step in after earnings. Look for 105-100 as a target if volume doesn't buy in expected Gap Down and gap fill below it couldn't break upper resistance at 124 level either
DISNEY NYSE:DIS | DISNEY DESCENDING TRIANGLE PATTERN - Apr. 11, 2024 BUY/LONG ZONE (GREEN): $118.50 - $123.00 DO NOT TRADE/DNT ZONE (WHITE): $116.50 - $118.50 SELL/SHORT ZONE (RED): $112.00 - $116.50 Weekly: Bullish Daily: DNT 4H: Bearish A week ago NYSE:DIS broke its bullish trend on the 4H and lower timeframes. The Weekly timeframe still holds the bullish...
For Walt Disney, chart analysis reveals the completion of a first cycle with an all-time high at $203, followed by what appears to be a 5-wave structure downward towards Wave (A), concluding at a double bottom with Wave (4) at $79. This formation is characteristic of a Wave 2, yet its brevity on the 3-day chart suggests a potential flat correction. Anticipation...
Hi guys! So this is a Pure Technical Analysis on the Macro structure of Disney (DIS). Macro in that we are on the 1 Month timeframe so each candle is 1 Months worth of price action averaged in. Just note why i don't ever look at news to influence my trades. We got rejected from our highs in October 2021, Desantos bill signing that sparked the lawsuit stuff...
Lose $84 on a high time frame close, we will easily see a target of T1= $70 followed by a main T2= $50. Go woke, go broke bums. On the contrary, this is the optimal point to go long to play a swing trade if you have faith in disney bouncing back. Stop loss around $84, targets of T1 = $102, T2= $115. I would have to reassess at that point. Wouldn't anticipate...
As projected yesterday, Intermediate wave 4 could be complete based on the early morning low on June 8. There is a slim chance Minor wave B inside of Intermediate wave 4 is the current location, but that will be invalidated if the index goes above 4300 tomorrow. To recap. Intermediate wave 1 was 25 trading days and gained 360.62 points. Intermediate wave 2...
disney with a potential blow off top here. last 3 times we've tapped overbought, it's led to significant sell offs. been in over bought territory since the 23rd. now have a second daily bear div present. expecting a pull back to daily rsi eq. $100 seems reasonable, but long trigger should be the rsi eq tap.
Disney Short Term We look to Sell at 129.37 (stop at 134.80) Upward pressure has continued and we are assessed as being in the corrective leg before the next selloff. Preferred trade is to sell into rallies. Our outlook is bearish. There is scope for mild buying at the open but gains should be limited. News events could adversley affect the short term...
Disney has formed a descending channel and is targeting the upper trend line of the channel. Once the region of $108-$110 is reached I'm short of Disney with $105 puts 1 month out
Disney Short Term - We look to Sell a break of 128.13 (stop at 131.49) A break of bespoke support at 130.00, and the move lower is already underway. Trades with a bearish descending triangle formation. Our outlook is bearish. The trend of lower highs is located at 142.00. Continued downward momentum from 160.00 resulted in the pair posting net daily losses...
Disney's Support and resistance levels are drawn. Trend line will remain intact for a while. Short position for Medium-term
Descending triangle here on Disney with gaps to fill on the downside.
Going into earnings, chart doesn't look good. Whatever DIS earnings would do, i guess it may get sold off, before eventually going up. First target would be $153
DIS in continued downtrend. has bounced strong off support before, but the downside looks more likely if ER doesn't kill.
Possible SHS formation. Maybe there is an 8% bullish bounce to form the symmetry of the right shoulder and then
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...