DIS trade ideas
A short discussion in Disney ChartHello
Please take time and read it.
The notice I want to explain is crystal clear for most Elliott and technical chartists but it is so important that needs to be mentioned again.
Most of you know that a hard time in trading is when you do not know this trend that has started to move wants to stop here or there (or where).
VERY VERY IMPORTANT:
when a wave 3 wants to correct with an ABC its target is wave 4 in lower degree.
It means when traders want to cash their shares and get their profits make a correction (wave 4) that usually has the power to correct just last powerful stops in the wave 4 of lower degree.
It is easier to clarify it in this DIS chart.
As you can see our bullish trend in Millennium counting ended as wave (3) in 203.02 price and then we went to a correction. The question is that "How far will we go down in this declined correction?"
The answer is very easy:
There 2 scenarios :
1- If sell power is not to much so correction wave will go just to the level of last wave 4 in lower degree.
2- If sellers (Buyers for bearish trend) tend and have enough power to break the powerful support zone (Last wave 4 in lower degree) so just wave A of this correction stops in the area of wave 4 (of lower degree) and after wave B this correction will continue its direction more down (commonly to the last wave 4).
In our trend now, it seems that sellers are powerful enough and only wave A of ABC of wave 4 stoped in the area of last wave 4 and wave C (for now we are in wave B of ABC of wave 4) will break down the support level and go more down (potentially to the level of wave 4 Sub-millennium.
I promise you if you consider what I explained you will be more confident in the control of your chart.
Thanks
Long DIS: Strong chance of bounce even if bull trap. The drop in DIS could be over entirely but even if we were more bearish in our view it's entirely valid to see a strong rally to fill a right shoulder pattern.
Any move up here in DIS would be implied to be a very strong one. Buying OTM calls on this with 3 - 6 months on them.
$DIS Elliott Wave countUsing Elliott Wave theory, Expecting a new trend to develop at the end of Wave C of current count.
Disney (DIS): Waiting for the Right MoveIt's been a while since we last checked on Disney. We hit our target for Wave A, getting close to $126. Now, we are working on Wave B, which we think will finish between $96 and $89. This range matches the 61.8% to 78.6% Fibonacci retracement levels, suggesting a Zig-Zag correction.
Current Situation:
Regarding the future outlook, we are looking at $156 to $176 for the next upward move, matching the 61.8% to 78.6% Fibonacci retracement levels for the larger Wave B.
Strategy:
Our plan is to be patient. We are not trading or taking any positions right now. The correction might extend and could bring the price below $77 if Wave (A) isn’t fully done. It’s important to wait for clear signs of stability and the end of the correction before making any moves.
Conclusion:
Patience is very important for Disney right now. We are watching the $96 to $89 range to see if Wave B completes. If this correction phase ends well, we might see a move towards $156 to $176. However, we need to stay cautious and wait for a clear signal before taking any action.
DIS - Mouse is warming up, can see a rally soonLong anywhere here
Target #1 - 108
Target #2 - 113
Target #3 - 121 after a pullback
DISNEYI felt the need to look into this particular stock since they're not only burning through cash, but they're also losing it by loyal customers jumping ship.
My analysis is hopeful thinking, but anything is possible nowadays. 🤷🏿♂️
#DIS $DisGap fill complete
holding daily S3 pivot point
Need to clear 200 ema @102.30
TL breakout expected
104/106 immediate target
106 above sustain 110/115/120 can test
DISNEY ARMAGEDDON *SHORT*Considering the companies lack-luster performance with its streaming service, theme parks, and movies how could one expect any long term gains going into a economic downturn? All of their products rely on expendable income and inflation is only set to get worse. DISNEY WILL BE SUB $50 by next summer along with many others trying to skim peoples pockets of vapor like disposable income. Save your bets for more sound investments. The highs of a couple years ago will never be reclaimed.
DISNEYIt´s not a trade. I buy this asset as an investor por long term.
Good profits we can collect.
Blessings.
I´m already inside. But price can still go down to loook for the area I´ve marked.
thks.
Disney: Sitting on EdgeDisney is currently sitting on the upper edge of our magenta Target Zone (coordinates: $101.24 – $88.36). We anticipate a bullish trend reversal out of this Zone, but primarily, we still think wave (2) must dive a little deeper into this price range before the trend reversal can be initiated. However, there is a 35% chance that wave alt.(2) has bottomed out already, which will be confirmed if the resistance at $110.62 is surpassed.
Looking Bullish on DIS!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Short Walt DisneyLiquidity took upside, clear breaker done, bearish P03, I m expecting the price to go down, Sell limit in place, waiting to be triggered
Don't f*** with the mouse they said ($DIS)Could this be an impulse from inception to all time high?
Certainly looks like it could be an impulse finished or close to finishing starting at all time high, which would just be an A-wave in that case.
An alternative would be to have this impulse as the C-wave of a flat only finishing wave 4.
$DIS-Walt Disney could dive further after breaking $111 -UpdateNYSE:DIS -Walt Disney could dive further after breaking $111 -Update
It looks like the DIS broke out of a major support zone located near $111.
During the previous days NYSE:DIS was showing some strength but couldn't manage to rise more
and today we can see the price below the structure zone again.
On the 4-hour chart, we can expect a deeper correction as a swing trade.
If we also consider the daily time frame a major resistance zone was already tested.
This zone dates back to August 2022 thus adding more value to this analysis.
The first support zone will be found near 107.40, where the GAP also begins.
It may be possible for Disney to fill the GAP created earlier in early February 2024 as well.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
DIS The Walt Disney Company Options Ahead of EarningsIf you haven`t bought the dip on DIS:
Then analyzing the options chain and the chart patterns of DIS The Walt Disney Company prior to the earnings report this week,
I would consider purchasing the 112usd strike price Puts with
an expiration date of 2024-5-10,
for a premium of approximately $2.82.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Walt Disney UpdateIf the price comes back to 107 price level support and has bullish signs, I might want to add a bit more into this company.
Strategic Entry and Exit Points for Optimal Trading Performance.As of the latest trading session, Walt Disney Company (DIS) is exhibiting significant volatility with a current price of $104.54, marking a notable decline. The recent price action brings into focus several technical indicators and market sentiments that can influence future price movements.
Moving Averages: DIS is currently trading below several key moving averages including the 10-day ($111.77), 20-day ($112.87), and 50-day ($111.99) Exponential Moving Averages (EMAs), indicating bearish momentum in the short to mid-term. However, it remains above the 200-day Simple Moving Average (SMA) at $95.82, which can act as a support level in a broader view.
MACD (Moving Average Convergence Divergence): The MACD is below zero and the signal line, suggesting bearish momentum and possibly more downside in the near term.
RSI (Relative Strength Index): The RSI is currently at 32.82, nearing the oversold territory, which might signal a potential reversal or stabilization, although caution is advised as further decline is still possible.
Fibonacci Retracement: From the recent highs and lows, the Fibonacci retracement levels indicate immediate resistance near $106.55 (38.2% retracement) and support at $101.24 (61.8% retracement).
Volume and Volatility: Recent trading sessions show increased volume on down days, indicating strong selling pressure. This is corroborated by the significant market range observed, which suggests that volatility is heightened.
Given the current technical setup, I would adopt a cautious approach with a potential speculative target of $127.21 in the long term, acknowledging a 21.69% increase from current levels as forecasted by analyst consensus. However, short-term trades may involve considerable risk due to current market volatility.
Short Position: If considering a short position, one might initiate this near the $106.55 resistance level, setting a tight stop loss around the $108 mark to minimize potential losses from a rebound or unexpected bullish turnaround.
Long Position: A long position could be considered if the price shows significant reversal signals near the $101.24 support level. A stop loss should be placed just below $100 to manage risks, aiming for a conservative target near the $110 range initially.
In conclusion, Walt Disney Company shows a bearish trend in the short term with potential for further declines. Investors and traders should monitor the key levels mentioned for entry and exit points, ensuring that stop losses are appropriately placed to manage risks. As always, it's crucial to consider broader market conditions and news that could impact stock performance. For long-term investors, current levels might provide a buying opportunity, but caution and gradual entry are advised considering the ongoing volatility and downward pressure.
$DISNot financial advice.
NYSE:DIS trying to fill the gap in the purple box at the same time inside this broadening formation. will see if bulls recover or will go to retest the bottom of the formation.
Subscribe for more ideas.
thanks!
Disney H&S Developing could fill the gap 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 Reports Surprise Profit in StreamingWalt Disney's ( NYSE:DIS ) streaming entertainment unit posted its first profit on Tuesday, two quarters ahead of schedule, and the company raised its annual earnings per share outlook as it said turnaround efforts were yielding results. Shares of the company were down 1.4% in premarket trading. Disney ( NYSE:DIS ) now expects adjusted earnings per share to rise by 25% this fiscal year, up from the 20% it previously forecast. The company attributed the change to strong results at theme parks and improvements in the streaming business.
The direct-to-consumer entertainment division, which includes the Disney+ and Hulu streaming services, reported operating income of $47 million from January through March. Disney ( NYSE:DIS ) had promised Wall Street that the streaming operation would become profitable by September. The division had been losing money since Disney+ debuted in 2019 in the company's major push to compete with Netflix.
Chair Executive Bob Iger, who defeated board challenges from activist investors last month, said in a statement that "our strong performance this past quarter demonstrates we have turned the corner and entered a new era for our company." The steps Disney is taking today lend themselves to solidifying Disney's place as the preeminent creator of global content.
Like other media companies, Disney ( NYSE:DIS ) has been trying to adapt to consumer migration from cable television to streaming entertainment. Iger, who came out of retirement to revamp Disney in November 2022, instituted cost cuts that are expected to reach at least $7.5 billion by the end of September. He also unveiled a 10-year, $60 billion investment in theme parks and announced plans for a stand-alone ESPN streaming app, among other efforts.
The earlier-than-expected profit from streaming entertainment was driven by aggressive cost management, according to Chief Financial Officer Hugh Johnston. A year ago, the streaming unit lost $587 million. Disney+ added more than 6 million customers during the quarter, and average revenue per user rose 44 cents, outside of India. Disney ( NYSE:DIS ) offers a lower-priced plan in India that it counts separately.
Disney ( NYSE:DIS ) also reports results for a combined streaming unit, including ESPN+, which should generate a fiscal fourth-quarter profit and become a "meaningful future growth driver for the company, with further improvements in profitability for fiscal 2025."
For January through March, the combined streaming business with ESPN+ lost $18 million. During that time, the Mouse House posted diluted earnings per share, excluding certain items, of $1.21, ahead of analysts' consensus estimate of $1.10, according to LSEG data. Quarterly revenue rose to $22.1 billion, in line with analyst forecasts.
In the second fiscal quarter of 2024, Disney ( NYSE:DIS ) achieved strong double-digit percentage growth in adjusted EPS(1) and met or exceeded financial guidance for the quarter. As a result of outperformance in the second quarter, the company's new full-year adjusted EPS(1) growth target is now 25%. The company remains on track to generate approximately $14 billion of cash provided by operations and over $8 billion of free cash flow this fiscal year.
DIS - Possible longsI want to see DIS hold the $116 level, invert this monthly FVG, and take out the highs in the daily FVG and at std -4 near $167
A short term play will be longs into the monthly FVG, targeting $123-128
Rejection of the monthly FVG and I will short into the weekly FVG $107-98
