DIS
DIS Double BottomDIS is now showing an indication that it will form Double Bottom pattern. Since the candle was going outside the bearish channel, and it tends to follow the bullish trendline, then there is a strong possibility that it will form the Double Bottom pattern. Don't forget to set your stop loss.
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$DIS Bulls 3-Press In To Support$DIS had a bit of a stumble dipping down but, to unsuspecting bears (so far), buyers were waiting for the right time to strike. The massive one-two punch of a 3-Press Low Pattern dipping in to rising support was good enough but if anyone doubted them, the bull bar closed out super strong. Either the buyers rip this higher or this is a final stand and we get a strong break down.
Disney starting to trade in a channel Disney over the last week or two seems to have formed multiple tops and bottoms at about 137 and 131 respectively. At least in the short term I'm expecting that to continue. I dont think I need to state the obvious on when to go long/short, but watch the RSI/volume and should this trend be broken, consider either of these points could flip to be a resistance/support.
$DIS holding up well (potential value play)This is the weekly chart for $DIS.
In April '19, a huge volume spike propelled the stock out of its multi year trading range. It went on to trade as high as $153 a few months later, before falling back to its range.
Early last month, we see a similarly huge volume spike out of its trading range. Prices held, just like what it did back then; more importantly, the recent sell off in tech did not hit other industries as hard -- this is possibly a sign of sector rotation towards value stocks.
I have a small position in $DIS and am looking at a target of around $150
DIS - Walt Disney buy support zonesHello traders,
Description of the analysis:
Walt Disney Company ( DIS ) support zones ideal for timing long positions (gray). Trade what you understand, trade carefully and sparingly according to the business plan.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
DISNEY - 3 Years Away From 100 Year CelebrationDisney is 3 years away from approaching their 100 year anniversary amidst arguably the worst curve ball the company has faced, a global pandemic. Cruises, theme parks, and movies have been absolutely crushed along with their revenues from these operations. Don't forget Disney also owns ABC, ESPN, and FX Network. The good news is, theme parks have begun to slowly open following strict protocols, Sports are beginning to pick up and the NBA especially has done a great job with their bubble in Orlando. The NBA Finals alone brought in $288 million in advertising revenue in 2019. The Super Bowl drew $336 million in 2019. The highest mark the NBA has brought in ad revenue for the finals over the last five years was $366 million. NBA viewership is currently 49% higher than the 32 million that tuned in during the first 12 days of the season which is great news. Aside from a majority stake in Hulu (not doing as well as hoped), Disney+ is absolutely crushing it with over 60 million subscribers so far, just so you can compare, Netflix has over 180 million, so there is still plenty of room for growth.
Disney has also secured some more cash at the current rates:
$1.75 billion due five years from now, in 2025, carrying an interest rate of 3.35%.
$500 million due in seven years (2027), with an interest rate of 3.7%.
$1.25 billion due in 10 years (2030), with an interest rate of 3.8%.
$750 million due in 20 years (2040), with an interest rate of 4.625%.
$1.75 billion due in 30 years (2050), with an interest rate of 4.7%.
TA:
At the moment, we're noticing a possible cross on the daily MACD to the downside. The histogram already broke below on Friday. If it dips, we like the $122-$117 area closing that gap for buys if we get to that range. Any break below the $117, and next stop we would look at $109 for support. The current Gap was a runaway gap, so there is a possibility we don't get there. Either way we'll be watching closely if the opportunity presents itself.
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Disney waves - Bearish rising wedge pattern - Reversal coming?Disney seem to be showing a bearish rising wedge pattern. This reversal pattern shows a contraction of the range and indicates that the uptrend is losing strength. Given that all price waves have been 3 wave sequences, which is indicative of a corrective wave, it looks like Disney may be taking a turn for the worse. It looks like from the waves that the next correction after this recent high may be enough to break the wedge's support. If true, then this would then cause the price to break lower out of the wedge.