Disney BreakdownThis is my breakdown for Disney and where I plan on potentially entering.
Obviously if some major news comes out that can change my bias.
WDP trade ideas
DIS AnalysisPrice is playing out according to my previous analysis. The lows at 90.23 is potentially the next target for this down move. My expectations are unchanged.
Walt Disney Company Analyze🐭 !!!The Walt Disney Company, commonly known as Disney, is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California.
Walt Disney Company runs near the Resistance line and my PRZ(Price Reversal Zone).
Also, we can see Heavy Hidden Divergence(HD-) between Price and MACD Indicator.
I expect Walt Disney Company can lose ❗️20%❗️of its value.
Walt Disney Company Analyze (DISUSD), Daily Timeframe (Log Scale /Heikin Ashi)⏰.
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$DIS - At critical support $DIS is at critical support. If $93 breaks, $80 is possible which is pandemic low. RSI and Stochastic are in oversold territory.
If $93 support hold, it can bounce to $100 which will act as resistance.
Bearish target - $80
Bullish target - $100
Remember $80 is when parks were shut down and no one knew when they can reopen!
NOW, with all the parks opened and increased Dis+ subscribers, espn with all sports playing and soon betting option, are investors giving the same value as when the company had zero income during covid.
Negativity has become too extreme!
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Disclaimer: Not investment advice.
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DIS AnalysisPrice is playing out nicely as analyzed last week. I'm expecting price to continue lower into the bullish POI at 91.80, and possibly taking out the lows at 90.23 before we see a bullish retracement.
DIS AnalysisPrice did not play out as analyzed last week. I was expecting price to rally into the bearish POI at 109.88 before going lower. Price went lower without any mitigation. The bullish POI at 104.57 was invalidated straight away. Right now, the target for this down move should be a deeper mitigation of the bullish POI at 91.80, and potentially the lows at 90.23 before we see any bullish retracement.
DIS AnalysisPrice is playing out exactly as analyze over the past few weeks. Price is currently mitigating the bullish POI at 104.57. I'm expecting a bullish retracement into the bearish POI at 109.88, and continue lower following the bearish order flow.
DIS bullish hammer on weeklyLoved the hammer on daily had to take an action. Love today's dullish hammer on daily too.
Good Chance of Disney Capitulation (fire sale!)Disney showing order absorption price structure at its major support zone on the 2-Month chart indicates a better than 50% chance of at least a bull-spring formation under the support or a markdown below it.
I'm certainly going to be setting limit buy orders around $70 and $50 a share to hold for the next few decades.
Back Below $100Disney looks to extend it's downtrend and hit the range of $96-$92, and in my opinion will complete the bearish bat pattern.
Not financial advice, good luck to all :)
9/18/22 DISThe Walt Disney Company ( NYSE:DIS )
Sector: Consumer Services (Cable/Satellite TV)
Market Capitalization: $197.346B
Current Price: $108.25
Breakdown Price: $107.15
Sell Zone: $120.75-$113.75
Price Target: $90.90-$89.70 (2nd)
Estimated Duration to Target: 77-82d
Contract of Interest: $DIS 12/16/22 110p
Trade price as of publish date: $8.25/contract
DIS AnalysisPrice consolidated since my last analysis. My expectations are still unchanged. I'm still expecting price to go lower to mitigate the bullish POI at 104.57 and take the sell-side liquidity.
#long #stock #Disney #DIS The end of the negative trend?
The wedge shape seems to be broken, the movement of the indicators confirms the change. The exchange rate is looking for a direction.
The next 5 waves emerging?
+
The largest investor also bought it (David Rolfe, Mairs & Power).
DIS Buy signalDisney has come out on top from its competition with Netflix in the movie streaming industry. Q2 was a pleasant surprise for investors of Wall Street, and as the economy is recovering because of the large amounts of capital movement from Europe to the US, Q3 is likely to have a positive uplook. Retaliatory spending by consumers on theme parks and Disney+ subscriptions will push the price of the stock. Strong support at $100-$110, some resistance at $120. Suitable for short term investment. Wall street analysts show a Strong Buy.
Disney AnalysisGuess the Pattern❗
Catch it OR watch it 😈
Just check out Chart on daily TF you get the proper idea what's gonna happen 🤑
DISNEY SHARES WILL BE HAMMERED DOWN TO $30 dollars priceDisney shares could be heavily hammered down to $30 dollars share price. That would force Disney holdings into an assets firesale to raise liquidity.
Most stock market investors are not prepared for a similar scenario.
DIS AnalysisPrice is playing out exactly as my last analysis. Price is heading towards the bullish POI at 104.57. I'm expecting price to continue down to mitigate the bullish POI.
DIS AnalysisPrice consolidated at the fair value gap at 117.33 last week. I was expecting price to drop and take the sell-side liquidity. Right now, we have filled the gap completely. I'm still expecting price to go down. Possible target for this downtrend is to mitigate the bullish POI at 104.57.
DIS AnalysisPrice has played out exactly as analyzed last week. Price is currently filling up the fair value gap at 117.33. As price filled the gap, we see volume increasing on the downmove. I'm expecting price to go lower and take more sell-side liquidity from here.
Where to find Disney Reversal to Long?Disney. We are exposed to Disney almost instantly we are born into this world. The cartoon we are exposed to , the posters, the gifts, the soft toys we had. Disney, the creator of our "Fantasy", can their strong moat stop the downtrend of its stock price?
Sign of downtrend
-Candle sticks moving below MA200 . Fail to even get near the MA200 trendline for the past 200 days.
-Downtrend line B : 2 Fib extension of downtrend line A , magnitude much stronger than of line A
-Downtrend line C: 1.618 Fib extension of downtrend line B , magnitude abit strong than of line B
Reversal in progress?
-Retracement R2 magnitude is almost similar to R1 , but took much shorter time(26 days vs 116days) to retrace the same amount
-Retracement R3 magnitude is strong than of R2 .
-Thus the upward trend is getting strong: R3 > R2 > R1
Take a look at the horizontal volume indicator. The volume indicator sums up the volume traded at the prices for the past 1800 bars/1800 days . Bulk of the trading occurs between 97 to 115
The price range of 97 to 115 probably is the strongest support Disney can have. If the candlesticks plunge below 97 , the next area to have such high trading volume will be around 50 .
Watch out for reversal such as double bottom within the price range of 97 to 115
DIS - Looking for more bearish moveI expect it to have a slow climb up but will reject before the $118 zone. If this plays out I will buy a PUT option for next Friday expiry. (Not Financial Advice)
$DIS - Can it close the gap at $122.67?Disney broke out of the down trend channel. However, the price has retreated from 50% of breakout measured move target. Which is normal for breakouts.
There is a chance that it can back fill the gap at $112.67 area, if the price breaks below the support at $116 .
If the price bounce from $117 area, it could retrace back to $126 to $130 area.
Breakdown targets -
Target 1 - $116
Target 2 - $112.67
Risk - reversal from $117 area
Disclaimer: Not investment advice.
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