DIS trade ideas
DISNEY opportunityKeeping a close eye on the current structure with Disney at the moment, I have been a long term trader/investor with Disney for a while and its served me well how ever reduced position over the march push as the amrkets seemed a little cooked and been waiting to reenter and start pyramiding orders again.
Pretty clear H&S forming on the daily right now and a large gap between the current formation and the structure from mid to late 2020, not to mention price chopping below the 100 day EMA
A break down of this formation and support level could see fairly sharp price action between these price points and a much better entry (Im not trading options just spot)
The other possibility is we bounce on this neckline, crack the right shoulder and continue the current macro bull whilst the fed continues to print bills into QE which should see the markets artificially move with it.
Ill be keeping a close eye on the volume and candle formation over the next week looking for signs of bulls entering here, an increase of volume, coupled with maybe a morning start close to this support could be enough to give me a the confirmation to take the entry...how ever ill be cutting losses early if its quickly met with a break down or volume diminishes straight after my entry.
The key here is conviction, I need volume to back up my decision or im out and waiting for a lower entry back around 152 or even lower as that sell off could trigger a considerable down trend.
Give it a few more days either we stay invested with disney or shelf it on the watch list for a few months lol
Walt Disney Co (DIS) - Eager To Find Momentum AgainAn idea to consider over the next week or two.
DIS appears eager to find some momentum again:
- Attempting to breach downward trend line
- Targeting pivot.
Sold off from $190 peak in March to $167 May.
Could trade sideways in the next few days before moving higher.
Provisional levels on chart.
DIS H&S pattern, break of trend line. Not looking good.DIS broke the uptrend line from post COVID outbreak low after forming an H&S pattern. Looking for shot entry on break and retest of S/R. Target- unfilled gap.
DISNEY! - head and shoulder formationPossible SHS formation. Maybe there is an 8% bullish bounce to form the symmetry of the right shoulder and then
DIS SHORTI am looking to short dis
It is currently in A6 cycle 1 and a7 cycle 1 on a downtrend.
I am in July 9, 170 puts at @$1.65
$DIS - Counting on $100mil BLACK WIDOW opening gross!Ath is the target. WE have a position RVR is great!
Disney will pull back before moving up....IMO Disney will comedown to fill the gap..... will wait for the right entry
Walt DisneyChart pattern: Bull Flag
Entry: 178.87$
Stop: 1173.52$
Target: 187.44$
Risk/Reward-Ratio: > 1.5:1
Stopmanagement: Parabolic SAR daily chart default settings
DIS In normal conditions do you think this would be a good Short Opportunity? reply in chat if you think so. or will the 4hr Save the day with a potential Bullish Bat at the neck line?
Not financial advise. for entertainment only.
$DIS: Will the weekly head and shoulders push lower?The Dow has been lagging on the recent rally and despite the parks moving to no mask mandate, $DIS is still having trouble. Will this trap shorts or will we see follow through to the downside?
DIS LONG EARNINGS Bounce on the trend line with a nice green bar. We also see strenth on the market AMEX:SPY possible recovery on the uptrend .
DIS - LongDIS made its way to my 'Do Not Touch" list for 6-8 weeks after its sell-off when it was in the $200s, but finally looks poised to break the downtrend this week. Will look for an entry on a break and hold the the yellow trendline above $179.50. Must hold. If it can not hold, I will look for it to head back down the the demand zone.
Long DisLong above 177.54
T1: 1779.43
T2: 184.15
T3: 192.87
T4: 201.25
Stop: 4hr candle close below 169.16
