DIS
"Disney: ready to go up" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Bullish Corrective Structure.
- Price made a Pullback on the Support Zone.
- Bullish CCI.
- If price breaks the Micro Descending Trendline, it has potential to move up towards the Fibo Levels.
Weekly Vision:
Daily Vision:
Updates coming soon!
DIS - H4 CHARTHi, today we are going to talk about Walt Disney and its current landscape.
Walt Disney is poised to receive increasing attention from the market as the latest Star Wars movie has failed to pull off the results expected for one of the biggest franchises owned by Disney. The Star Wars movies have been brought a legion of fans to the cinemas for decades, movies that already produced billions of dollars in merchandising, so after the Marvel movies had given signs of slow down (after had reached the apex this year), Disney now relies mostly on the Star Wars to boost for its market prominence. Despite the "Rise of Skywalker" debut slip, maybe the Mandalorian series and its Baby Yoda success compensate for the underperformance of the new movie. However, it is hard to ignore the effects of this misstep of Disney Studios in this Christmas blockbuster.
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"Disney going up after the Pullback" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Descending Trendline that started the up move.
- Pullback on the Support Zone .
- Now, it has potential to continue its up move towards the Fibo Levels.
Weekly Analysis:
Daily Analysis:
Updates coming soon!
DIS LONG - wave pattern playSmall position with plan to exit if the lower level downtrend remains intact - break out.. will add on to get full position. Lower entry alert is ready to go - hard stop below (red dashed). Wave traders know this as the running flat pattern - we also have a weekly breakout and retest for those looking at larger timeframes. **note trendlines, patterns, areas of interest (zones,colors etc.) are questions that I am happy to entertain but recommend DM as that is more involved than reasonable to do in comment of an idea.. glad to do so, but give me a little time** happy trading, stay green!!
DIS (Disney) Long opportunity coming up, move to $175!Disney popped aggressively on the launch of their new streaming service that captivated a large audience and took away from other streaming competitors such as Netflix. Disney has yet to report an earnings report with their Disney + addition and there is more upside to come over the next few months.
Where should one look for longs on Disney? Based on pure technical analysis one could identify good levels without buying a top. The first thing to consider is how the overall market is doing, there is some more strength to come out due to the money getting flooded into the economy.
The next thing is the previously broken high on the year-to-date on Disney, which is $144.50-146. This is also the 50% retrace level based on the pop that brought price to a new high, which is also a low volume node on the year-to-date volume profile. This is a huge support level that could bring price up to $175!
Disclaimer: This idea is for educational purposes only, this does not constitute as investment or trading advice. TRADEPRO Academy is not responsible for any market activity.
DIS - continuing to forge new highsIn my last DIS post I was cautious about the supply level and somewhat skeptical that we'd continue to push new highs. I was correct about chopping sideways, albeit briefly, before choosing a direction.
I've highlighted a nice bullish consolidation pattern from which we broke. Considering the low "holiday volume" last week, I'd like to see price hold above our new 150.63 support and our moving averages (9 ema) catch back up with price, before entering long. Reference our highlighted area. I wouldn't enter short unless we break below the 150.63 area and fail to reclaim it.
(I don't like entering long when price is too far deviated from the moving averages)
DIS - DAILY CHARTHi, today we are going to talk about Walt Disney Co and its current landscape.
Walt Disney Co. debuted today it's streaming service that it's determined to face Netflix and other streaming services. With a basic subscription cost of $7 and an arsenal of content loaded with Marvel, Pixar, and Star Wars Universes, plus more than 400 movies and other types of content including all seasons of "The Simpsons." Disney, it's also heavily producing and investing in new exclusive content, which makes the entering of Disney in the streaming war a frighting one for its adversaries. The Walt Disney Company CEO Robert Iger it's willing to play heavy on this showdown and has enough resources and experience to at least reshape the streaming market once for all. Those are exciting news to consumers of this type of service, that can be benefited from this competition but an unpleasant one for investors, since during this type of dispute the balance usually take the hit of a producing or price war.
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Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
DIS - Disney+ Bull FlagFans of Disney are excited by the debut of the Disney+ streaming service tomorrow (I'll be watching The Mandalorian) but a bull flag seems to have been taking shape on the weekly chart since March. We have to see if it can break out of the flag pattern or if it needs another bit of consolidation first. Also, notice how the stock has found support along the 200-day EMA & the 50-day EMA more recently.
$167 is my initial price target, which is the 100% Fibonacci Extension level. My next target would be $176 which is around the price level suggested by the bull flag pattern.