BTC DAILY: MAPPING THE SWINGS INSIDE THE CONSOLIDATIONWe see a thick Kumo Cloud on the daily within the current upward trajectory. We may see a cloud rejection and perhaps a some slow, upward movement along the current low ascending trendline to bypass the cloud, and then a bullish move toward the top of the interior (violet colored) descending trend line. We may also see a more direct rebound through the daily Kumo Cloud up to--and rejection at--the interior descending trend line (violet). If we break through the interior (violet) descending trend line, we may well see an advance to the top of the symmetrical triangle at which time, I expect a highly probably rejection barring any positive fundamentals. A breakout above the symmetrical triangle would indicate a possible bullish run up to the resistances around 113 and 115.
Disney
Disney Daily: mapping swings in the consolidationWe see a thick Kumo Cloud on the daily within the current upward trajectory. We may see a cloud rejection and perhaps a some slow, upward movement along the current low ascending trendline to bypass the cloud, and then a bullish move toward the top of the interior (violet colored) descending trend line. We may also see a more direct rebound through the daily Kumo Cloud up to--and rejection at--the interior descending trend line (violet). If we break through the interior (violet) descending trend line, we may well see an advance to the top of the symmetrical triangle at which time, I expect a highly probably rejection barring any positive fundamentals. A breakout above the symmetrical triangle would indicate a possible bullish run up to the next resistances as shown by horizontal lines coming from prior peaks within the symmetrical triangle.
DIS long inside wedge channelDisney appears to be suffering possibly from the Roseanne Barr outbursts over the past few days. However, it appears action was swift and we could quickly see a recovery. Also, rumors of a new Neflix type platorm make Disney attractive on the longer charts. This is a quick long inside the consolidation wedge could be stifled by Kumo Cloud resistance as well as an-intra wedge descending trend line inside the greater consolidation. The chart shows possible and probable paths for Disney over the next few days.
Huge upside for Disney in spite of Netflix competitionHi guys, a view on Disney. Content distribution is clearly the issue, however, I think that will soon be addressed. Lots of hype around Netflix passing out Disney in market cap but I think the upside is very much intact for Disney and the trend should reassert soon.
Possible wedge breakout for DisneyOver the past few years it seems like the market has been punishing Disney for removing content from streaming services and acquiring companies. With no shows on Netflix investors fear Disney will not beat its earnings from last year. I think the reason Disney is starting their own streaming service and acquiring companies is to become the manager of their own content on the internet. Disney s own streaming service would increase profit margins for Disney's movies and ultimately increase their earnings reports down the line. With Netflix making its own movies and shows it has become a major competitor for Disney, a competitor Disney can not afford to ignore.
If Disney manages to keep the hype up for their streaming service they could entice investors to buy in. Disney could definitely have a breakout of the wedge it is in if investors get excited. With Disney releasing an ESPN streaming service in 2018 and many similar media services in 2019 investors could buy in to the hype. Although as a crypto investor one thing I have learned is that development takes time. Even for a company as big as Disney. We will have to wait and see if Disney can deliver on their streaming services.
Disney, flat or uncertainty?
In the long term, Disney shares are in some kind of consolidation. We see a triangle, the waves are almost ready. But only here it is necessary to take into account the fundamental basis. It depends on where the stock prices will go. The waves we expect another wave of buying, but do not exclude that it might break in the opposite direction. Goals and area of interest are on the chart
Disney's price actionFriday was an interesting day, in terms of confluence, for anyone who looked at $DIS.
The price rose back to fill that $3 gap left open since early August.
Friday's high stopped at the 200MA + 61.8 Fibo retracement (Oct'16 low - Apr'17 high).
High volume during the whole week, bearish candle on Friday, RSI slightly overbought.
DISNEY is about to outperform the marketTextbook bullish continuation. Fundamentally very strong, and i am expecting long longterm prices around 300$ for this awesome company.
In the "shorter" term i am looking for 150$ as a potential target. Do your own research and always keep in mind trading is risky.
Blessings to you all.
Disney On Final Leg Of Wave 5Still polishing my Elliott Wave reading, but looks like the ride could be over for Disney. The stock should make it to the 116-120 range before beginning its next wave. I am entering tomorrow with an exit planned in this 116-118 target range. The stock could form a double top or go higher. The only certainty is it will make it to 116 which is at least a 5% gain over the next month.
Disney Long PositionWith the recent release of the Last Jedi plus the "Incredibles 2" movie coming in June of next year, I could expect some positive returns between now and then for a long term holding position until mid June. This is low to medium risk, and amid the market acceptance of their movies and continued "hotel" growth. However, with recent box offices and the acceptance of another half a billion dollar box office within a year, it is likely a continued growth of at least 4 to 5% current market prices.
DIS runs into a wall of resistance on Jedi profit taking
Disney shares had a big rally last week on a combination of the latest Star Wars movie opening in theatres and the fox acquisition announcement but now appear to be hitting a wall. With all the big news out for now, traders appear to be taking profits against the news and $112 emerging as resistance. Initial support may appear near $110 then $107.50 or even $104 where the latest rally started.
DISNEY - Accumulation Opportunities around 101.20I've been scanning the US equities market for some interesting companies to accumulate.
Disney caught my attention.
Fundamental
The fundamentals for Disney is very strong -
1) Revenue has been growing for the past 5 years;
2) Net income has been growing for the past 5 years;
3) FCF has been increasing for the past 5 years;
4) Net margin has been increasing for the past 5 years, and is above 15%;
5) ROE has been increasing for the past 5 years, and is above 20%;
6) ROA has been increasing for the past 5 years, and is above 10%.
Some minor concerns -
1) Current ratio has been hovering just above 1.00;
2) Quick ratio has been hovering slightly below 1.00;
3) Debt-to-equity ratio has been increasing, but still below 0.5%.
Technical
I'm seeing a potential expanding diagonal forming with divergence. Potential retracement level is between 97.68 to 101.20. This provide us with a decent area to start accumulating Disney.
P.S. This is not a trade call, nor is this analysis fully extensive, so do your own due diligence.