Disney #$DISA large head and shoulders pattern has formed over the last twelve days. Earnings are today after close.
From what I’ve read, this pattern is less common in a downtrend. Should we believe it?
WDP trade ideas
GET READY FOR TAKEOFF!!!Within regards to technical analysis, while taking a deep look into the Disneys chart we see an ascending triangle pattern formed and now we are waiting for a breakout. The base of the triangle pattern formed on January 24th. It has touched the top twice and the bottom 4 times. In the past in regards to moving averages, we see that when the 20 day and 50 day moving averages are below the 200 day and as they inch closer to a merging point at the merging point the stock bounces in a bullish direction sending investors long. Right now our 20 days and 50 day days are stuck in our pattern today we closed with 5 candles on the hour hourly chart closing above these 2 and at the same time the 20,50and 200 days, MAs are getting closer and closer initiating the breakout. We see this pattern on the 1,5,15,30,45 minute chart, hourly and daily chart
Earnings watch 2/9 post-marketEarnings watch 2/9 post-market:
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DISLong Run, bounce on Fibo 38, we still on pandemic but slowly its going away, big future for parks and D+ platforms
it will be a slow recovery
DIS 1/6/2022DIS was in a Descending for almost all of 2021. In Nov. ’20, price broke down from triangle and is now in the middle of pulling back in the form of a Bear Flag
We also have a Death cross of 50 and 200 ema signaling a bearish market.
50ema is within Bear flag and price is currently pulled back to it and rejecting it. We are also at resistance level of bear flag. This is my entry.
Entry: 155.33
Stoploss: 163.60
Target: 120.00
DISBroke out of an hourly resistance with volume and making higher lows. Expecting a move to the upside.
DIS is right on the 200 EMA line for the weekly candle. DIS has been on a 200 EMA support line for the weekly candle. Also the are at the level when dis plus was announced in 2019. I have callw swing trades for a month out+ and will be day trading it when it is oversold on the 5 and 15 min charts. Any thoughts on the game plan? Thanks for checking it out and good luck!
Apple and Disney Big Buy!Apple and Disney is at a good discount. This is a BIG opportunity. I mean hold it for months from here.
$DIS backfilled gapDisney has taken quite a beating recently and has backfilled the gap around 130. The risk reward is very appealing here. Stop at yesterday's low or slightly below it. Good luck.
This is for informational purposes only. It is not intended as investment advice for anyone who reads it.
Disney breached key support level, heading down to $128 gap fillDisney had recently gap down and breached the key support levels at $155. The trend and momentum is also negative. If the markets continue remain volatile, I believe DISNEY is head towards $128 to fill the gap by Feb 2022 or earlier. Timing the target is bit challenge as there's always some Santa Claus rally in holidays, but I see $128 is unavoidable.
Disney dips buying setupStock is lower following Netflix, which presents huge buy opportunity as covid will wane out and amusement parks will reopen.
Disney Dip Buy ZoneI have been following disney for a month now. The count I have now is the same as I first saw it. The box is a mix of both the 61.8% of the whole impulse wave as well as the ABC pattern in the last wave down. Also, I'm watching REALLY CLOSELY for the Rsi to diverge as it is already making a lower low with the RSI st a lower low. Looking for support to confirm.
DIS BullFeeling bullish on DIS here lately. New Genie+ in parks will help bring in extra revenue, new rides and updated parks coming 2022. Imagineering getting a refresh it needs with the move to Florida from CA. Whats not to like? Chapek? He isn't my favorite so far but sometimes you have to crack some eggs...
$DIS - Bear Flag Forming, Large Gap BelowWith the recent weakness in the markets, $DIS has formed quite the large bear flag.
If this breaks to the downside, that gap left at $128 is quite a long ways away...
BUYOn weekly chart , DIS has made sharp move to the down side and broke major support that now became resistance at 170.
Now, following Fib retracement and correction trend line I will take long position to next Fib level at 165.
DIS intra day shortHere is another trade I took earlier in the week. Like mentioned previously, I was having issues posting lower time frame charts, but I now have it figured out. So will be able to post these in real time. Will post trade details below
DIS bullish trade DIS oversold here on 1H chart. Plus we have found support and bouncing from this TL here which has held nicely so far. Stochastics oversold and turning up here. Possible retrace to 153 here. SL below todays low. Plus we also have lots of call flow coming in for for the 152.50 strike calls for 01/21/22
DIS Sitting there, waiting for earnings reportSteady volume, horizontal pattern, sitting there waiting for the earnings report?
Symmetrical Triangle - UpdateKeeping a close eye on DIS here as it's still holding a big symmetrical triangle with a big gap to fill on the upside after selling off after earnings. MACD cross and some slight hidden bullish divergence on the RSI on the 4-Hour timeframe (Not Pictured). With buyer volume should really pop- Will be looking for a breakout from this triangle (Broader Markets Permitting) - Just some support and resistance levels to keep an eye on in the meantime along with some RSI-based supply and demand zones - Bullish and looking for a breakout
- Symmetrical Triangle
- Closed Friday Reclaiming & Sitting on the 50-day EMA
- MACD Cross on the 4-Hour Timeframe (Not Pictured)
- Slight Hidden Bullish Divergence on the RSI on the 4-Hour Timeframe (Not Pictured)
- Big Gap Fill on the Upside
- Buyer Volume Picking back Up
PT1- $158.76
PT2- $161.83
PT3- $163.67
PT4- $172.55 & Gap Filled
-- Previously Charted --
DIS Reversal day?Just a small chart on what might be happening in Disney.
Been tracking this a few days
