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Walt Disney Company (The)

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DIS trade ideas

What do you think is coming next on DIS? Today we will define all the relevant levels on Disney either for bullish or bearish scenarios. After the gap on the 11th of November , the price kept falling, and now it's a good time to think about reversal areas or the following bearish targets My main conclusion right now is that we are on a Flag ABC pattern, which means that we may see content with the cloned channel (yellow lines), which makes convergence with the previous ATH in November 2019. That's a level that we should see bullish pressure to keep our bullish thesis valid. However , if the price breaks that level and reaches 146.00, I will think that my bullish view is not valid anymore, and I would think about bearish targets on the next support level at 130.00 Despite the specific resolution, I think the current situation may be interesting to trade after we have a clear formation. Once we have structures with more than 250 days, it's pretty easy to look into the past for similar conditions and develop consistent setups based on a statistical perspective. Thanks for reading! Feel free to share your view and ideas in the comment box.
NYSE:DIS
by ThinkingAntsOk
1
Symmetrical Triangle - Gap FillKeeping a close eye on DIS here- Sold off after earnings leaving a big gap to fill on the upside. Holding a big symmetrical triangle on the daily timeframe along with a falling wedge on the 4-hour timeframe. 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 - Falling Wedge on the 4-Hour Timeframe (See Attached Chart Below) - RSI in oversold territory - Slight bullish divergence on the RSI - Big Gap Fill on the Upside PT1- $158.76 PT2- $161.83 PT3- $163.67 PT4- $172.55 & Gap Filled 4-Hour Timeframe Previously Charted
NYSE:DISLong
by jacobosiason7
1
Downward Break from a Triangle.Earnings miss. DIS has done a nose dive at at least support levels and is dancing on a level that may or may not hold. There is are support level(s) down below. I am not fishing and just watching for now because this could possibly fall again. I do not see a bear flag, yet, or signs of a dead cat bounce. It is just doing a unenergetic dance at this support level for now. If price stays above this level for a bit, and forms a bullish pattern, then I may bite. The next major support zone is too far below price for me to buy this now unless some bullish activity occurs. Strong stock as a rule, I just want it at the right time is all. The symmetrical triangle it broke down from, if it follows the triangle targets which does not always happen depending on market sentiment, could take this lower. Often a support level can interrupt a pattern playing out or save a security from further demise. A sign of a bottom, like an inverse head and shoulders in the future would be a good thing. This triangle shit the top trendline on touch 5 and did not break to the upside. Nothing is a given and price can stay in a triangle for quite a while. I have a short attention span and begin to lose interest if I am trying to go long and price hits the top trendline on the 5th touch and there is still no cigar )o: This could be called a descending triangle as the bottom trendline is fairly flat with a very slight slope to the upside noted. Does not really matter, as price can break UP or DOWN from any triangle, and this one broke down. One can guesstimate targets by measuring the wide end of a triangle and projecting it up or down from the trendline. For a downward break, I project it from the top trendline downward beginning at the last touch of the top trendline. There are more than one way to measure targets and we are all different. There is always the possibility it will fall to a lesser fib level of that projection, or an extension of that projection as well. It can depend on the security and market timing. The alligator is indicating a down trend still in progress. Oversold today on daily RSI. It is possible for Oversold conditions to persist for extended periods of time, especially if there is a lot of supply at this level. No recommendation but will I revisit this if something changes (o:
NYSE:DIS
by lauralea
Disney fell on earnings. Is it a bargain stock now?Hi everyone, [ symbol="NYSE:DIS"]NYSE:DIS fell 7% last Thursday after the Q3 earnings report. Is it cheap enough to buy now? Let's find out. Earnings disappointed investors with reported revenue being off for 1.4% from the estimates (bullsh*t analysis). Consequently, price bounced from 158 level support, but it came back down and is threatening this trend line now. Just reminding you that pre-pandemic price level was around 150 . Is the company doing worse now then before the virus? Well, yes. It does. Q4 2019 revenue, just before the virus outbirst, was reported at 20 billion. Now, almost 2 years into recovery, Q3 yields 18.5 billion. Trading off pure fundamentals, I would not invest in this company. Trading purely off technical indicators, however, I would not be surprised to see the price consolidate in the projected box around the trend line support. If it accumulates enough power at the trend line with low volume, it will burst out higher again. I personally classify this stock as a risky one. Trade it at your own risk. As always, trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise
NYSE:DIS
by AyBe_Invest