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WALT DISNEY DRNWALT DISNEY DRNWALT DISNEY DRN

WALT DISNEY DRN

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DISB34 trade ideas

DIS BreakoutLooking back at the last five times the MacD crossed bullishly on the weekly chart for Disney, we get (on average) a 24.2 percent move over 3.3 months. The MacD on the weekly is curling again, with a turning point of around 173 on August 2. If we use the average, we should be at 215 (24.2 percent from 173) by the middle of November (3.3 months from Aug 2). This coincides with the length of wave 1 from the wave 4 low (167) for wave 5 to complete a five wave impulse from the covid bottom in March 2020. With delta variant cases peaking and finally trending down, we should see some money rotate into travel/leisure plays like Disney.
NYSE:DIS
by spxnqoptions
DIS $180 BreakoutDIS has been consolidating for most of 2021 between $188 and $168 in a $20 range Over the last 5 months the range has started to tighten up with a few breaks of $180 but this soft level still acting as resistance We are seeing the buyers step up as they continue to form higher pivot lows ($168 to $170 to $171 to $172 to $176) Each time this happens buys and sellers continue to get closer to see who will take over Keep an eye on that $180 area vs $176 for now
NYSE:DISLong
by Tradingexperts24
39
DIS - Where from HereDisney has been on my watch-list for a while. During the pandemic because of the Disney+ services and as a re-opening trade with regards to the Theme parks. The headlines around the Delta variant clearly has muted the price action of DIS quite a bit and the stock has been trending sideways since topping out in March this year. Fundamental Highlights: P/E at 82.5 seems very high but then the theme park closures has impacted earnings and thus driven the PE up Rev. per Share has been strong thanks to Disney+ service demand during the pandemic Capital Spending per share remains at the 5y average which in my eyes is solid given the pandemic Positive FCF shows that the company is able to generate cash even if the parks are closed Dept / Equity seems solid and not overly leveraged Disney has not payed dividends since 2019 which is understandable and acceptable Conclusion: The fundamentals seem solid which is confirmed by current analyst ratings and a price target of $210 according to IBKR analyst consensus. Technicals Since the highs in March 21 the stock has retracted and bottomed out around $170 with multiple confirmations at that level Formation of a descending Wedge formation, indicating a positive outbreak potential Narrow regression band indicates indecisive trading Failed wedge breakout in the Aug 15/16 trading session, however lower leg has confirmed support RSI neither overbought nor oversold confirming doll-drum territory MACD show no clear indication either and has not done so since May Resistance band around 190-195 Conclusion: DIS seems bound to make an outbreak of the current pattern in a not too distant future. There seems to be strong buying interest in the $170 area. A breakout above the wedge into the resistance level of 190-195 seems likely. Further upside possible but it will require momentum which could be helped by a positive earnings Q2/Q3 earnings report. My Strategy Seeking exposure around current levels, might be early but I am confident with the current support levels A combination of Long Stock and a Risk Reversal Stock @ Market, SL 170 / TP 209 Risk Reversal Long C Jan 22 210 / Short P Jan 22 150 All feedback, suggestions and input is highly appreciated *** Disclaimer: I tend to use both Fundamental and Chart Analysis for the evaluation of my investments. I act as an investor, not a trader with a 9 months or more time horizon. The above represents my personal opinion. I write these postings as a trade log for myself. Conduct your own research before taking any positions and do not invest what you can't loose***
CAPITALCOM:DISLong
by SLRK