$DIS - Its make or break timeNYSE:DIS Disney is going into the ER trend line resistance of a descending wedge. Its make or break time.🍿
No one is expecting Disney to report a good quarter. 🙏
Upside Target - $94
Downside Risk - $80
DIS trade ideas
I like YSL so i aint Gunna short $DISUnless you GUNNA you'd probably short but they say dont ever bet against the mouse so VANTAGE:DISNEY at 90+ by the end of the week look very possible. Yellow line would be my first target for tomorrow if it run. really nice set up, hopefully it plays out.
looking at the big picture, price been consolidating since May so if price break out this descending pattern channel, we can potentially fill that gap at 96
DIS earning coming up#DIS earning coming after market tomorrow.
DIS run sideway 85.7$-89.6$ from June 'til Aug .
If #dis hold above 89.7$, next target : 92.4$/95$
if #dis hold below 89.7$, next target : 85.7$/80.7$
DIS AnalysisPrice consolidated since my last analysis. No changes to my original expectations, I'm expecting price to go lower and take out the clean lows at 79.07.
DIS forming wedge before uptick(1D candles)
Disney has been forming a wedge as their nightmare year continues. Besides all news going against them (writer strike, poor film performance), it has been consolidating nicely and it appears there is now light at the end of the tunnel.
I expect a large spike in price by the end of this year so keep an eye out for a cheap discount on DIS stock before a rally. Keep in mind the timeframe, I don't expect the stock to breakout until late October-November.
DISNEY Revisiting a 10 year Support LineThis Technical Analysis is on Disney (DIS), on the 2 Week timeframe.
Our Current Price action is TESTING SUPPORT on this MASSIVE Decade Long SUPPORT LINE.
The 1st time we have ever tested SUPPORT on this was September 29th, 2014.
Highlighted by the RED circles, everytime we've tested this we've had some sort of Price Bounce.
The Most massive gains were from the Bottom of the COVID Crash to the TOP @ approx. $202.00
A Gain of about 154%.
It was also a more evident time to buy as the RSI gave hints along with some other indicators.
Another one being the GOLDEN CROSS where 2 week 21 EMA CROSSED Above 2 week 50 SMA .
Whats happening now?
Currently our 2 week candle, has not yet closed. It will do so August 14th. We will give more clues then. If we maintain support thats GOOD, If we see ourselves below it, and CONFIRM BELOW that would be VERY BAD. This would mean we have broken a 10 year SUPPORT LINE.
We have also had a DEATH CROSS, which is when 21 EMA CROSS below the 50 SMA. This often times causes price to fall as we've recently seen. The moving averages currently seems like there pointing downwards, indicating that price can still drop more.
I would like to see the Moving Averages to flatten out at 180 degrees. To have this happen price needs to bounce from here.
Price is also currently in a downward channel.NOTE how the lower trend line of the channel is below the MAJOR RESISTANCE.
It can be possible that we test this.
Notice the BLACK ARROWS on the RSI and MACD. If you relate them to the lower trend line of the downward channel on Price action. This shows a BULLISH DIVERGENCE. Which is a sign of potential BULLISH MOVE UP.
Bullish Divergence = When Price action shows LOWER LOWS but the indicators show HIGHER LOWS. Usually means price is lagging behind the indicators and eventually PRICE will increase to catch up to the indicators. In normal instances, price moves in sync with indicators.
If PRICE moves BELOW the SUPPORT, its possible we touch this area indicated by the BLACK ARROW, which coincides with the horizontal black line that touches the previous candle wicks. This would put the BULLISH DIVERGENCE at play. Look to see in the upcoming weeks what happens.
Some danger signs are seen in the indicators:
RSI -> Currently our ORANGE RSI Line as moved below the BLACK Moving Average. If you look left it has always been associated with price drops. If we continue to stay below, risk of price drop remains.
MACD-> Notice how the size of the GREEN histograms have been decreasing, indicating a slow down on MOMENTUM. If we don't see bigger GREEN histograms print, next likely thing is the appearrance of RED Histograms which will indicate increased probability of PRICE going down.
ADX -> Highlighted zone shows RED LINE above GREEN. This indicates that bearish momentum is present. As long as RED line is ABOVE GREEN, likelyhood of bearish momentum and price falling is probable.
CONCLUSION:
Disney has reached the CRITICAL SUPPORT line for the 5th time in the 10 year history of this SUPPORT LINE. Everytime when it did so as seen in previous history, its been known to be decent area to BUY. Is it a good area to buy? In my opinion its hard to tell in this moment. For one, we should wait till the close of this CURRENT 2 week candle on the 14th of August. Something to note, everytime we test a trendline, support or resistance, each time it gets weaker. Keeping this in mind, with the warning signs in the indicators and a potential BULLISH DIVERGENCE, a scenario that can be possible: we break it, to test the lower trend line of the Downward channel, only to have prices MOVE BACK UP. But its important to state that this doesn't have to happen either. We need to be patient and observe what is to come in the coming weeks. Zooming into the smaller timeframes, can also give more concrete short-term clues on direction. Stay tuned for updates on other timeframes.
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DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. When trading always spend majority of your time on risk management strategy.
DIS - Falling Wedge (Bullish)On the larger timeframes, DIS is painting a beautiful falling wedge (bullish) that is lined up with a highly-anticipated ER coming up on 08/09/2023. It is also resting at a huge and major support from 2015 at the $85-86 range.
Ideally, the bullish idea would be for a great ER that will allow DIS to break out above this falling wedge for a run. You can anticipate the run with perhaps longer-dated contracts for call positions.
If you want to be extra safe, definitely consider waiting for a positive ER and ride the momentum as DIS breaks out of the upper trend line to fulfill the bullish falling wedge pattern.
Personally, I would like to see DIS perform well on this ER and reclaim a key price point of $90 to push further back upwards.
Disney stock has maintained strong support in the past 10 weeksDisney's stock has maintained strong support levels in the past 10 weeks
This chart shows the weekly candle chart of Disney stocks from the end of 2019 to the present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, Disney's stock has maintained strong support levels in the past 10 weeks, with inter district fluctuations above the golden section's 0.236 level! Once Disney stocks close below this strong support level for three consecutive trading days, the downside space opens up and it is likely to fall below the low point of early 2020!
DIS Long Term Investment for ROTH IRAMy DIS buy zone is between $84 and $88. DIS presented several buy opportunities over the past few weeks and is starting to form a bullish breakout.
DIS is presenting the fourth best buying opportunity since the 1960s, and I plan to hold DIS as a long term investment to hold in a Roth IRA account for 10-25 years.
Target Price
TP 1
Red resistance line around $94-$96
TP 2
$119.55 is the second key price target
TP 3
$153 is the third price target.
I can add more price targets later, but I will be holding DIS stock for a long time.
DisneyDisney is becoming quite an enticing looking Buy IMO (NFA), Even though i prefer typically being more of a Degen #degen and playing with things of HIGHER RISK this is beginning to be hard to not BUY MORE of( I've already been trading it for 3 weeks).
Though maybe not as hard to ignore as NYSE:VZ lately.
I think that Disney has a LOT of future possibilities to make higher profits as well as play into being more of a tech/A/i. play once they begin dropping the narrative with how many various ways A.I. can help them save MASS amounts of $.
I also think in a much longer dated play you'll see a narrative for droids to help cut lifelong healthcare etc. and replace a lot of workers they have doing very basic things.
Walt Disney is in a good place to enterIf we are not mistaken in Elliott's calculations and wave counting, now is a good time to enter Walt Disney.
In this case, the first target will be $120 and the second target will be $145.
If the price goes below 83 dollars, our calculations were wrong.
$DIS the next meme stock?There has been a lot of buzz around Disney lately. There's also possibility of potential sale. I think this iconic company has all the makings of becoming the next meme stock.
If you look at chart pattern, we're nearing the bottom of the channel and I believe there's one more leg up before we see major correction.
Why i'm buying Disney stockUndervalued.
The Walt Disney Company, commonly known as Disney, is an American multinational mass media and entertainment conglomerate that is headquartered at the Walt Disney Studios complex in Burbank, California.
DISNEY Bottoming out?DIS looks like it's bottoming out, this support has been very durable. However there are multiple resistances on the way up so exercise caution. I personally opened a SMALL long position. Small because the resistances on the way up make this trade less ideal.
DISNEY LONG PROJECTIONDisney has formed a bullish triangle pattern indicating a potential upward rally, with a clear confirmation of a breakout. The pattern is supported by a consistent and robust level at the bottom, where strong buying activity occurs whenever the price revisits this zone.
DIS AnalysisPrice consolidated since my last analysis. No changes from my original expectations, I'm expecting price to continue lower, potentially taking out the clean lows at 84.07.
$DIS Parallel Downtrend ContinuesNYSE:DIS Parallel Downtrend Continues, looking for double bottom to hold support. Will take a small position if it gets there. Stop out on a weekly close below the double bottom.
Puts Disney now is the momentPrice is testing the broken support now resistance. There are several bearish patterns on this one. The has been falling for months. It is work you buy some puts here.
Technical and digital analysisWe notice that we are in a correction to the downside, and there is a selling momentum, waiting for the correction to end to enter
$DIS, a story within the storyWith its earnings approaching, could the results and the guidance be the catalyst needed to turn the stock around. This could be a great opportunity and worth analyzing the chart technically. It appears as the stock is starting to gain some attention in the near term as volume picks up and its forming what appears to be a falling wedge (bullish). On the larger scale of things, the stock still has some work to do. Near term, if the stock closes and holds above $88, I would be interested in taking a small position with stops in place leading into the company’s earnings.
Analysts predict 38% Upside for DisneyDisney's shares fell this week to their lowest point in 2023, largely due to the SAG-AFTRA strike. Disney is sat right near the bottom of its 24 month range, and just 10% off its COVID driven March 2020 low of $79.
Despite the negative moves, experts predict that Disney's shares will rise to $120.53 in the next 12 months, a 38.25% gain on current prices. This is based on 18 analysts price targets for Disney in the last 3 months. The average price target is $120.53 with a high forecast of $147.00 and a low forecast of $88.00.
Disney, along with its sports channel ESPN, are looking at deals with some of the biggest sports leagues in the US; the NBA, NFL, and MLB. Disney and Warner Bros. Discovery have special rights to negotiate with the NBA, which will end in 2024.
Strangely though, Bob Iger, the boss of Disney, hinted that they might sell part of ESPN, which it currently owns 80% of.
Disney is moving from cable to live sports as more people are cutting their cable subscriptions. It's unclear what Disney's competitors think about this change, especially if the sports leagues buy a part of ESPN.
There are potential headwinds ahead though.. A strike from a group called SAG-AFTRA and a decrease in spending by Netflix in 2023 might cause Disney's costs to rise. This could cause delays in releasing new movies and TV shows, which could lower Disney's earnings.
Disney recently said that Iger will stay as the CEO until 2026. This news was well-received, but Iger's earnings caused some fuss. He could see earnings above $27 million this year, 535 times more than the average pay Disney employee.
Despite making so much money, Iger has faced criticism for his comments about the striking writers and actors, with some people calling him out of touch.
Disney's problems go beyond just PR. The company has issues with planning for the future and dealing with its structure. They’re currently looking for a new Chief Financial Officer to replace Christine McCarthy, whose tenure lasted over 23 years.
All this is happening when people are questioning why CEOs earn so much more than their employees, a big topic in the fight against income inequality.
However, this negative sentiment should prove to be temporary. I believe Disney stock is headed higher in both the short and medium term and the March 2020 low should hold, making this an attractive entry point.
Disney -Big Short oppI think there is a complex H&S over last decade that has formed here and with Disney's terrible losses at the box office, pretty sure this is a good bet for a short opp.
Wdyt?
