DIS
$DIS True Bullish Divergence (?)We can see on Disney monthly chart that as the price returning at the level of 85$ in the Rsi chart the line is going down and down. So as it appears we might see a true bullish divergence. In addition that $85 level is a strong support zone and the volume in the last candle was very strong i think that the trend might changes and reverses from that point.
(But is also the coronovirus matter in the other hand so..)
$700 in 15mins on SPY and DISNice comeback from yesterday's carnage. Going to be more conservative throughout the rest of the day.
"Disney: two possible scenarios" by ThinkingAntsOk4H Chart Explanation:
- Price is on the Ascending Trendline.
- Two possible paths from here: a) breakout and continue the down move. b) up move towards the All Time Highs.
- Wait for a confirmation that indicates which of the two scenarios is the correct.
Weekly Vision:
Daily Vision:
Updates coming soon!
"Disney: Top and Bottom Analysis" by ThinkingAntsOk4H Chart Explanation:
- Price is on an important Support Zone + Weekly Ascending Trendline.
- Expect price to bounce from here towards the next Resistance Zone.
- If price breaks it, potential to move up towards the All-Time Highs Resistance Zone.
Weekly Vision:
Daily Vision:
Updates coming soon!
DISNEY - Gap Filled on the ShortHuge gap filled on the short in the daily Disney chart.
Price is currently hovering just above the Weekly 200MA support. We're looking to see if these levels hold to see the stocks next move. Stock is now down around -23% since it's ATH in late 2019. RSI is showing oversold in the daily and we're not entering oversold on the weekly charts as well. If levels hold, this could be a greay BUY opportunity. We're sidelined for now.
Hit us with a like and a follow for more updates. Stay tuned...
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"Disney: Bull Vision" by ThinkingAntsOk4H Chart Explanation:
- Price broke the All Time Highs Zone.
- Price is on a Correction before continuing the up move.
- If price breaks the Corrective Structure and Resistance Zone, it has potential to move up towards the Fibo Levels.
Weekly Vision:
Daily Vision:
Updates coming soon!
DIS, one of the major losers on Coronavirus?The market keeps on making new all-time high these days despite the Coronavirus.
While there might still be some of the stocks that might have some expectable negative impacts like Disney.
No matter the theme park or the movie business may decline significantly in China for several months,
so in short-term perspective, to look for some short trade on DIS won't be a bad idea.
Here we got this 144.4 supply zone pullback short with 4 points risk, quite a good trade for me.
Let's see how it goes!
DIS – Pattern Failur and Bearish Gap Fills Trade Entry
Jan. 31 expiry. 142/147 Call Credit Spread. 73% POP. $2.50 Credit or more. $250 risk. $250 reward.
OR
Jan. 31 expiry. 143/148 Call Credit Spread. 67% POP. $2.50 Credit or more. $250 risk. $250 reward.
Stop is $148. Price above this and trade is invalid.
Chart Details
Bearish ascending wedge pattern.
Price fell out of pattern.
Bearish EMA cross and Bearish 10WeekMA price cross.
Multiple gaps to fill down to $118. This would be a good long entry once downward momentum stops.
Daily and Weekly trends both just turned Bearish.
Daily RSI trendline is indicator to exit bearish trade mentioned.
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DIS, Walt Disney Company - Gap on breakoutNYSE:DIS
Even if the pattern is perfect from a technical point of view, sometimes the breakout is too violent creating an upward gap in which there are no longer the conditions to enter Long due to the distance from the entry point and the stop loss.
In this case Walt Disney Company, a company that we like from a fundamental point of view, broke the resistance level, and we didn't enter because there weren't the favorable conditions to be profitable in suitable times.
Keep studying!