DISNEY TO $45Disney already dropped over 50%, while SPY currently is about 20% down (I’m rounding it here). Monthly charts obviously shows support around $90, which price tested multiple times over the last 7 years. Once that support is broken, AT MINIMUM I expect another 50% decline. That would be a price target of $45, round top back to 1998, 2000 and 2011 highs.
Jim Cramer yesterday tweeted “Disney, pay 98 if you can. That will be nothing ...versus where it goes” after announcement of the new CEO - last nail in the coffin - I will easily take an inverse of Jim’s view.
1DIS trade ideas
Buying Disney break of recent high.Walt Disney - 30d expiry - We look to Buy a break of 102.11 (stop at 97.88)
We are trading at oversold extremes.
A break of the recent high at 101.50 should result in a further move higher.
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
This stock has seen good sales growth.
We are trading at oversold extremes.
Our profit targets will be 112.48 and 117.48
Resistance: 102 / 106 / 110
Support: 95 / 90 / 85
Disclaimer – Saxo Bank Group.
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11/9/22 DISThe Walt Disney Company ( NYSE:DIS )
Sector: Consumer Services (Cable/Satellite TV)
Market Capitalization: $158.150B
Current Price: $86.75
Breakdown Price ( hold below): $90.20
Sell Zone: $98.10-$89.45
Price Target: $68.50-$64.40 (3rd)
Estimated Duration to Target: 98-102d
Contract of Interest: $DIS 2/17/23 85p
Trade price as of publish date: $6.10/contract
$DIS Is Disney Headed to the Low 80's?I'm open to anything here on $DIS I just went back to see where the next area of support might come into play... Looks to me to be the low $80's. Only time will tell. But, I'm thinking when it starts basing might be a good time to get a "value" stock. TBD. I'm not ready to buy just yet and it's too late to short for me. Ideas, not trading / investing advice.
DIS - BEARISH SCENARIODisney`s Q4 report released yesterday was a little nightmare for the investors. The company reported EPS of $0.30, $0.29 worse than the analyst estimates of $0.59. Revenue for the quarter came in at $20.15B versus the consensus estimate of $21.38B.
One of the reasons for the worse results is the additional spending to grow their streaming services.
Although Disney+, reported 164.2 million subscribers in the fiscal fourth quarter, surpassing the estimates of 161 million. The streaming unit lost $1.5 billion during the period.
The next two price targets are:
$92 support level
$82 support level
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Earnings watch 11/8Earnings watch 11/8:
NCLH
OXY
DD
DIS
LCID
WKHS
PLUG
OCGN
AFRM
AMC
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
October Gainers (DIS, account up 1%)Fifth gainer in October is DIS . Holding period is 21 days (10/4/22-10/25/22). Account up 1%.
This year, my account is up 78.9%, average holding period is 13 days.
My trading method is mostly short term and is independent of market swings.
Will keep updating on my trades.