DIS trade ideas
$DIS - Trying to break free (invalidate) from head & shoulderTrying to invalidate or break free from head & shoulder.
Neckline - $166 - $167
Break above, $186 is bullish
Break below $166 is bearish and it could lead to $156.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
DIS 5 wave upDisnet 5 wave up expect to 3 wave pullback arround fib 50-61.8 and then contonue bullish
Breakout- watching closelyWatching DIS closely here and looking for a breakout-
- Starting to break above a long-term downtrend and forming somewhat of a triangle
- Bollinger Bands squeezing (not pictured)
- Falling wedge on shorter timeframes (not pictured)
- Buyer volume starting to pick up
- Earnings on 8/10'
DIS flagging Setting up well with 20 MA golden cross 50 MA. Need to break above 186 level for confirmation
DIS (weekly) Here is DIS long-term count starting in march low with some important levels and gaps. DIS bounced recently near 200 daily MA, could be potentially the end of the corrective cycle. MACD curling back up and RSI over the neutral level are also good news.
I would like a break of 190 to confirm it or this could only be the B wave of the corrective cycle meaning that we can see a potential gap fill below 170, would also confirm that we are currently forming the right shoulder of the Head and shoulders pattern.
DIS is a good company to have in your long-term portfolio, always on the shopping list.
Disney SHORTCombination of technical and fundamental analysis.
Bounced off several Gann fan lines which are forming the resistance and support points, further supported by the trend-based fib extension. Key point to break to the downside will be the 0.5 fib level which coincides with the 8/1 Gann fan at around $179.05. The RSI is also around the overbought levels on the 4H timeframe.
My fundamental thoughts are short term bearish as SPY comes off ATH and inflation reported higher than expected so we may see a temporary rotation out of growth into value which will directly impact Disney. However, I do expect anticipation of sustained reflation to be short-lived hence why this trade is not a long-term position.
Ultimately, this swing trade will have a tight stop loss of 5% with a price target of $173.
Long DISNEYNumber of coronavirus cases are going down and people are getting vaccinated. People are dying to live life again and families will be enjoying Disney Theme parks. Also, Cinema with Disney films.
Held 200 EMA on Daily Chart .
Price target $200
Breakout on DIS after 120 days inside a Flag PatternToday we will speak about DIS; what are we observing right now?
a) The price has been on a Flag Patter for almost 120 days. Yesterday we observed a major breakout of it, and now we have defined confirmation levels for the bullish movement
b) Let's speak about the context first:
-The price is above a dynamic support resistance zone (positive for the bullish move)
-The Price is above the current ascending trendline (positive for the bullish move)
-We have observed a clear Weekly flag pattern above all the two areas, and now we have the breakout of it
c) Relevant levels: If the price reaches the Green horizontal line, we will consider that as a confirmation for our bullish view. If not, we will not execute the setup. Our stop level and also invalidation level (in case the price never executes our setup) is the red horizontal line (below the flag pattern)
d) We have defined two targets using fibo extensions. The first one can be used as a protective area where we move our stop loss to the entry-level or also as a preliminary take-profit zone. However, our final target is the 2nd fibo extension, where we will close all the setup if the expected movement happens.
e) How long can the setup take?: If the movement is successful, we think the resolution can be between 150 and 250 days.
f) How much would you risk on a setup like this?: ALWAYS 1% to 2% of our capital, Never more than that.
Thanks for reading!
$DIS $200 Bound?Great Day trading DIS, hot on my watchlist tomorrow! Leave a like and follow if you dig this content!
DIS Breakout BullishNYSE:DIS
DIS broke out of a descending pennant, deep retest on the resistance line, then bounced today, and finally held and closed above entry.
DIS has been taking it's time, but it's setting up to fly!
Considerations:
Disney Cruise Line hold up/reopen?
Disney Theme Parks Reopen
Disney Plus weak subscriptions, Marvel popularity
DISNEY downside continued!DIS in continued downtrend. has bounced strong off support before, but the downside looks more likely if ER doesn't kill.
DIS Daily Looks ReadyNYSE:DIS broke the down trend line and looks ready to take off.
It gave a small retracement bar today which gives us a perfect spot for an entry at $180.09
The stop loss should be under the local low at $170.31
The profit target is the ATH at $203
Risk/Reward Ratio of 2.3 could be better but good enough with this clean of a chart.
$DIS the range is getting thighterDisney has been playing around the 0.236 retracement for almost two months. On Friday it broke out of the wedge and maybe will start running to the next meaningful level at 186
