$DIS - Whats next?NYSE:DIS - Friday CFO departure news came at a time when the stock was trying to break out of the resistance neckline. But IHS still intact. Its still above long term support. Current area is volume profile's point of control area (peak) so its having a hard time moving away from here. Breaking above $95 would be 🚀. Next week is important. 👀💥🚀
Targets - $96.86, $100, $106. Downside risk $89-$85.
1DIS trade ideas
DIS - Let's Ride - 2.0DIS has responded as suggested since the last post that identified the gap and go along with the bottoming candle formations made to date. Now it appears DIS will take a small breather, and potentially fill in the gap before heading much higher. 93.54 is the upside target before retracing, but there are enough Elliott Wave counts for a motive wave off the lows so this higher high is not needed to remain bullish. Area of interest is highlighted lower. For regular updates try the affiliate link in the bio. GLTA!
DIS - Let's RideDIS 2 day candles closed today with a Bullish Engulfing candle that could also be construed as a tweezer bottom. Of note on the daily is a 3 gap down formation, a concealing baby swallow formation at the lows, along with a bullish harami combo and an inside day. What does this mean? IMO, I believe DIS will soon gap up and go, forming a frypan bottom or an island bottom. Initial target is the geometrical measured move of the first sequence higher, noted with the green line (120/125). If that target is achieved and broken through with strength, DIS could be in a new wave off the lows. One step at a time, but so far DIS is stepping higher. RSI has also reset on the 2 day tf giving more room to the upside... GLTA!
i.wish DIS cross below $85 in June"To get a like-for-like comparison as far as features are concerned, Disney Plus is more affordable at $13.99 a month compared to Netflix's Premium plan at $22.99 a month. Disney Plus also offers an annual plan for $139.99, which helps you save even more."
"What's better Disneyland or Universal Studios Florida? Walt Disney World is much more expansive with many more attractions, restaurants, and hotels to choose from!"
"Since Disney cruises do not have casinos, they make up their revenue by including a wide range of activities within the cruise package. As a result, this raises the cruise cost higher than other cruises."
DIS AnalysisPrice playing out nicely as analyzed last week, mitigating the target of bearish POI at 88.07 for this down move. From here, I'm expecting price to make a bullish retracement if we get a confirmation on the lower timeframe. If not, I'd expect price to continue lower, invalidating this bearish POI.
DIS: Super Cycle correction in progress; pump before the dumpRSI study suggests Disney has completed Supercycle wave 1 back in March of 2021. My evidence to this thesis is the highest RSI reading showing at wave 3 of 3 or 3 of 3 (minor degree). Since then, it took a couple of years to complete wave A of Supercycle 2 or in the worst case, wave a of A (yet to be seen). Now there is a monthly bullish divergence forming in RSI and price seems to be forming a bottoming structure. In the next 6 to 12 months I would expect DIS price to make some progress and move up to $100-120 supply area or might push to $150 before losing steam. Wave A is a 5 wave structure, so chances are, it will be zigzag correction and wave B will not make a higher high than the previous wave 5 high. After that I would expect a long drawn out wave C that may last a few years to complete the Supercycle degree correction. The potential demand zone could be $40-$50 area. Bottom line, DIS most likely won't see it's ATH for many years. But that doesn't mean short/medium term upside any less lucrative.
DIS, 10d+/26.21%rising cycle 26.21% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
Is DISNEY Ahead of the PackLooking at Disneys percentage pullbacks, the most recent downtrend was over 70%, which tells me its most aggressive downward
price action could have already played out. It could get much worse or have a period of sideways action. After looking at shorter
time frames it kind of made me reconsider how much downside was still in store for it. It'll be interesting to see how things play out.
I still think the Debt Ceiling situation could be a catalyst.
DIS does not look very goodBirds eye view of Disney's red flags.
Yet another corporation gets a swirly in the public toilet by woke insanity leadership. Like the rest they endure a public lashing on social media,
they cry for Argentina and then enact a public relations dream job. An orgy of pseudo-viral internet hype, resurrected leadership nostalgia for
the stock holders and good ol' fashioned base-demographic pandering. In Disneys case and actually the same for any company that follows
this form of "Hail Mary" Redemptive Marketing Protocol... it is a whole lot of planning and talking and a whole lot of packing, to ultimately go
nowhere at all. After watching one after the other of these corporations go through this process of self-destruction, it makes me wonder
if we are witnessing a "controlled demolition" of sorts. The repo market situation right before The Pandemic, The Money Printers Going Brrrrrr,
The "Transitory" Inflation Period, The Fed Rate Hikes, The Regional Banking Crisis and The Final Hurrah, just around the corner, possibly
culminating in The Debt Ceiling Crisis and The United States Defaulting. I don't know and its hard to say but I cannot think of one person
who truly has their finger on the pulse of this market and that is probably because we are not getting all of the information, which would
fill in some of the blind spots out there right now and the reality of things would probably be painfully obvious, rather than whatever you
want to call the the market since the first of the year. These are just some thoughts I have been having and the only narrative I can piece
together in order to explain what we've been witnessing recently. It is not in my nature to be such a Bear but if I am honest with myself, I
cannot help but see major Red Flags in practically every single chart. If things play out in any way close to what I am seeing, we are in for
lost decade and the end of things as we know them.
DISNEY - DIS is not what Disney needs right nowYet another corporation gets a swirly in the public toilet by woke insanity leadership. Like the rest they endure a public lashing on social media,
they cry for Argentina and then enact a public relations dream job. An orgy of pseudo-viral internet hype, resurrected leadership nostalgia for
the stock holders and good ol' fashioned base-demographic pandering. In Disneys case and actually the same for any company that follows
this form of "Hail Mary" Redemptive Marketing Protocol... it is a whole lot of planning and talking and a whole lot of packing, to ultimately go
nowhere at all. After watching one after the other of these corporations go through this process of self-destruction, it makes me wonder
if we are witnessing a "controlled demolition" of sorts. The repo market situation right before The Pandemic, The Money Printers Going Brrrrrr,
The "Transitory" Inflation Period, The Fed Rate Hikes, The Regional Banking Crisis and The Final Hurrah, just around the corner, possibly
culminating in The Debt Ceiling Crisis and The United States Defaulting. I don't know and its hard to say but I cannot think of one person
who truly has their finger on the pulse of this market and that is probably because we are not getting all of the information, which would
fill in some of the blind spots out there right now and the reality of things would probably be painfully obvious, rather than whatever you
want to call the the market since the first of the year. These are just some thoughts I have been having and the only narrative I can piece
together in order to explain what we've been witnessing recently. It is not in my nature to be such a Bear but if I am honest with myself, I
cannot help but see major Red Flags in practically every single chart. If things play out in any way close to what I am seeing, we are in for
lost decade and the end of things as we know them.
Disney - strong results in spite of audience dipDisney reported mixed results for the quarter. The good: streaming losses fell to $659M from the previous quarter’s $1.1B, whereas streaming revenues rose +12% to $5.5B. Crucially ARPU (average revenue per user) rose 20%in the US and ~6% internationally — it’s a case of squeezing actual profit out of users rather than scaling the business at all costs — this is the new “raison d’etre” of streamers globally, as heralded by WBD CEO Zaslav a few quarters ago — like in Jerry Maguire, “show me the money”.
And now for the bad: total users fell to 157M from 161M — this was mostly due to Disney+Hotstar, an Indian subscription service — it was mostly an outlier; users lost ex Hotstar sat in the hundreds of thousands.
The ugly: linear (“trad”) TV revenues fell 7%, largely due to the increased cost of sports rights and declining advertising revenues. We’ve seen this across the board – WBD and Paramount saw the same.
See upside here as +$130 and downside as +$80 for the year. Read more at: research.blackbull.com
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