DIS
AAPL's Bull case and Bear case.This is going to be different this from my other posts, are gonna be more unbiased and diving deeper into AAPL. As you can see from the arrows, it showed when the stock broke out of either downward wedge pattern or consolidation or continuation pattern. Both of these are considered bullish with the continuation cases like AMZN consolidating then broke off and also in this case too, AAPL, which broke to new all-time highs a month past today. Currently, AAPL is in both a short continuation pattern and also a downward wedge. If AAPL holds this position and does not fall threw below the 130s, it has formed a double bottom pattern. This is also a bullish signal in it itself. The MACD diverges again and again, which is also bullish. Now as I am always talking about being bullish, let us talk about the bear case or why it will fall. AAPL currently is depending on iPhone sales for the company to grow, which is a disadvantageous position as if AAPL makes a bad iPhone, expect it will drop 5 or 10% after earnings. As AAPL is attempting to diversify into the services sector, it has hurdles to overcome like in the streaming sector, it is trying to break through into it but the current dominator in that space are Netflix and Disney. While with both its pros and cons, I believe that AAPL is an amazing company to invest in as rest assured, the odds that AAPL will go bankrupt are lower than you getting struck by lightning than getting slapped in the face by a middle school student, who is wearing heels and just ate Japanese food, which came from a gas station. It has a lot of cash in hand or $195.57 billion in cash on hand. Big companies like Berkshire Hathaway and other tech companies invest in it so rest assured, you will not lose all your money if you put it in aapl. In conclusion, I am bullish on apple and will continue doing so and continue investing in it, even if the markets are a tad overvalued. Warning! I am not a financial adviser and take this with a grain of salt. Happy trading and investing and make sure to hit follow and like and comment on this post to get this out to more and more people! Good luck on all future endeavours everyone
!!!
DIS - LongI believe we're seeing breakout heading into Earnings, and am expecting a monster move forward. Targeting 220 by early April.
i am long with vertical spreads and 200 shares.
Disney + could be a monster, and propel this stock forward in a way DIS has never seen. (Mini netflix with theme parks, and A+++ IP )
DIS ER run up DIS ER run up ... after a month long correction, Disney is getting close to breaking out of this downtrend channel and looking to make a push back to ATH. Watching for a clean break of the downtrend with an increase in volume and a hold above 173.50 to confirm reversal. With Strong growth in the streaming service and as they continue to push out great news with new film plans (marvel, star wars, etc) I'm very optimistic on DIS er!
For option contracts I am Looking at 180C for 2/19. (liquid contract: medium risk/ high reward)
$DIS doesn't look good hereHello my dear padawans of the charts. I hope everybody had a good weekend and is ready to start what promises to be a good week for the markets given the amount of (good) stocks that are reporting earnings this week. DIS is not among of them, but its ER is coming soon on 02/11. Of course things can change, specially with earnings around the corner (and Disney+ getting so many subscribers), but things are not looking good for DIS here. It is looking weaker than in my previous analysis (link below).
TECHNICALS
In my previous chart DIS was above the long term resistance. However, it failed to stay there. It is now below that resistance and struggling to move back up. It found support on the 14/21 emas but didn't move much to the upside. It is sitting on the 21-ema now after having broken below it a few times. Other things to take into account:
1. MACD crossed over bearish and is moving down to the 0 level. If it crosses below it could be very bearish.
2. The 14 ema is about to cross bearish under the 21 ema, another potentially strong bearish signal.
2. ADX is curling down very sharply, meaning the current uptrend is getting weak.
3. -DI is moving up while +DI is moving down, meaning a change in sentiment is happening.
4. RSI is still above the 50 level--where it is sitting--but has been moving down steadily
5. The gap was still not filled. Gaps don't need to be filled necessarily but since DIS reached ATH and is in retracement, it seems that this is an exhaustion gap, which most of the times is filled.
BEARISH SCENARIO
If DIS keeps going down, it will probably find support on the 50ema and some fib levels on the way, so expect price action there and even reversal depending on other factors. If you are a long term holder I think anywhere on/below the 50ema is a good buy opportunity. Keep in mind that the price could fill the gap and continue going lower but if you are in for the long term this should not scare you. You would still be getting the stock at a discount from ATH. You can DCA your way into it as well. (Not financial advise).
NEUTRAL/BULLISH SCENARIO
DIS could benefit from potential euphoria generated by the earnings of big players this week and continue its sideways move (or even move up). Given the indicators, I am bearish in the short term but there are other forces on the market that cannot be ignored.
Again, keep in mind earnings is right around the corner, so plan to trade around it as well in the coming weeks.
Safe trades my friends!
Share the love:
If you get anything out of this TA, please like the chart so it moves up and others can benefit from my work. A simple click on the like button goes a long ways.
Follow for more:
I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot!
***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
Flag Pattern on DIS, We are ready to execute this setupToday, we will show our view on DIS; let's start with the Weekly view:
The price is above two key channels, and we don't spot any other Dynamic resistance zone for the price
On the 4hs chart:
We can see a clear Flag pattern supported on the secondary broken ascending channel. Based on the Fibo extensions we can draw, we expect a bullish movement first towards 200 and then 225
The green line represents our activation level for the setup; We will set our stop loss below the Flag pattern and break even when the price reaches a risk-reward ratio of 1:1
Disney's price on a crossroadHolidays are over and it is time to get back into the markets, refreshed and with new strength.
I am making another revision of Disney as the price on Friday closed at the internal trend support and played out the small bearish flag. Volumes were higher than Thursday as there were 12.23M shares traded against 8.951M shares on the day before Friday. The activity had increased before the weekends, but with that dip buying before the close, it looked more like long position covering.
Now two options are on the table that will be crucial if confirmed by the price action.
1. Price dips inside the $165 - $169 zone and we may see potential trend-reversing price action;
2. The zone holds and Disney'sprice resumes inside the uptrend with the broader market;
Be cautious on the first trading day after the break.
An optimistic future for DIS As vaccines continue to roll out and talks on potential shutdowns to come, entertainment stocks continue to rally. Overall Im still bullish on Disney. News Recently announced operating hours through out now to March. and as Cinema stocks continue to get bashed with this pandemic, Dis streaming service continues to grow. Post pandemic world will be very optimistic for Mickey Mouse. I'm looking at PT of 190 on the breakout of the triangle, under 175 we can see possible bounce near 172 to complete an a-e correction. 200 Mental target
DIS on support of trendline and 21-emaHello my young padawans. Behind the scenes of the EV frenzy, biotechs, and SPACS the good old DIS has discretely (maybe no so discretely if you look at the past month but sort of behind the scenes) made its move up and reached new ATH on the hopes of vaccine and prophylactics, and other branches of the conglomerate such as Disney+. If you have been buying throughout the pandemic like I did you should be sitting very comfortably now.
It seems though that the spike up lost a little of its steam. After the peak DIS dropped a little and has been trading sideways for a few days. Today it breached the long term trendline (yellow) and found support on the 21-ema on the daily. The price closed above the trendline, which is a good sign but other indicators are not very positive:
1. MACD is curling down with bearish crossover of MA and signal;
2. ADX is curling down fast as well which shows the trend is getting weaker;
3. +DI and -DI are converging bearish (red line moving up and green line moving down; quite sharply actually)
4. There is a gap that has not been filled yet
This doesn't mean the price will go down but there is a slight bearish bias at the moment. A pullback would be an opportunity to start a position of add more if you already have one, or at least that is what I am doing.
Safe trades!
Share the love:
If you get anything out of this TA, please like the chart so it moves up and others can benefit from my work. A simple click on the like button goes a long ways.
Follow for more:
I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot!
***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
Update on Disney: price stalling at the topsIn my previous post, I've mentioned that Disney is dangerously high and that technicals are screaming for a correction. Some time has past and the price is still stalled around the highs. RSI has already dipped quite below the 70 line and MACD's crossover is spreading wider. The histogram is increasing as well. We have a small subdued bearish flag (the figure marked in red lines) that with Yesterday's close it has been breached, though not with a strong intention. Two key zones (the squares in blue) remain to be passed to speak about testing the trend and eventual reversal of that uptrend. The target of the figure is implying for a potential move towards the gap level and the trend support zone.