2024.07.22 DIS longbuying the dip
will buy more if it goes down a bit more
//not financial advice, just for personal trading records
DIS trade ideas
DIS which way will it go?Disneyland’s largest union coalition overwhelmingly voted to authorize a strike Friday, July 19 as Disney negotiators and union officials prepare to head back to the bargaining table. I think this stock could recover around $92.76 which it has recovered before a few times going back to 2015. 200 EMA is where the $92 mark is on the monthly view and the RSI seems to bounce on the line I draw on my chart. If the price does recover at $92, it can swing up to 103.63 and as high as 117.89 if earnings are good. If the workers decide to strike into earnings, the stock could go as low as $71.
Disney: Test Of StrengthOn the Disney chart, bulls and bears are currently engaged in a trial of strength within our magenta Target Zone (between $101.24 and $88.36). The price has already tested the 61.80% retracement once, but has since remained above this level. Primarily, we expect further sell-offs and, accordingly, a lower low of the magenta wave (2) in our Target Zone. Once this low is set, the stock should turn upward in order to continue the current upward trend. However, we now consider it 37% likely that the magenta wave alt.(2) has already been completed and that the stock will break out directly above the resistance at $110.62.
DIS: Buy ideaBuy idea on DIS as you can see on the chart because we have the breakout with force the resistance line and the breakout of the vwap indicator...!!!
Walt Disney Company - Trend AssessmnentI do concentrate only on trend assessment so traders could make a sequence of profitable trades to exploit full trend capacity.
Arguments:
1. Primary trend is bearish (red channel). It is a fact until it is broken and confirmed. The secondary one is bullish (green channel).
2. The price is consolidating above and near MA200 and longer ones.
3. Regarding Ichimoku Cloud: we have crossed Kumo red cloud and started consolidating above. We also should anticipate green cloud acting as support.
3. ROC and Chaikin Money Flow: above zero line and confirming continuation.
4. BB Trend got into green zone. it's been red for the last three years.
5. Positive outlook on inflation and therefore FED's decision.
6. OBV: no indications of bearish divergence.
7. Squeeze Momentum Indicator: no indications of divergences.
It is just a trend assessment, so you do your own job constructing your trades around the trend if it is substantiated.
DIS: Will continue to trend downAside from a number of negative technical indicators, unless there are major fundamental changes in Disney, customers will continue to become fed-up and frustrated with Disney's stance on how it produces content. While Disney's moat is no doubt large, this only means the breakdown in confidence will only be slower moving, yet assuredly it is weakening.
Should this trend continue, I think it is not out of the question we find support in the mid 40s in the coming year or so .
Disney - Times are changing? It's hard to go wrong with this one! Time to buy, all targets and resistance marked above.
Disclaimer: These are not trading signals. Trade at your own risk!
thinking about DISThinking DIS has turned into a monster
Thinking the CEO needs to WOKE down and Churn out some good content
Thinking this is a content Violation
A short discussion in Disney ChartHello
Please take time and read it.
The notice I want to explain is crystal clear for most Elliott and technical chartists but it is so important that needs to be mentioned again.
Most of you know that a hard time in trading is when you do not know this trend that has started to move wants to stop here or there (or where).
VERY VERY IMPORTANT:
when a wave 3 wants to correct with an ABC its target is wave 4 in lower degree.
It means when traders want to cash their shares and get their profits make a correction (wave 4) that usually has the power to correct just last powerful stops in the wave 4 of lower degree.
It is easier to clarify it in this DIS chart.
As you can see our bullish trend in Millennium counting ended as wave (3) in 203.02 price and then we went to a correction. The question is that "How far will we go down in this declined correction?"
The answer is very easy:
There 2 scenarios :
1- If sell power is not to much so correction wave will go just to the level of last wave 4 in lower degree.
2- If sellers (Buyers for bearish trend) tend and have enough power to break the powerful support zone (Last wave 4 in lower degree) so just wave A of this correction stops in the area of wave 4 (of lower degree) and after wave B this correction will continue its direction more down (commonly to the last wave 4).
In our trend now, it seems that sellers are powerful enough and only wave A of ABC of wave 4 stoped in the area of last wave 4 and wave C (for now we are in wave B of ABC of wave 4) will break down the support level and go more down (potentially to the level of wave 4 Sub-millennium.
I promise you if you consider what I explained you will be more confident in the control of your chart.
Thanks
Long DIS: Strong chance of bounce even if bull trap. The drop in DIS could be over entirely but even if we were more bearish in our view it's entirely valid to see a strong rally to fill a right shoulder pattern.
Any move up here in DIS would be implied to be a very strong one. Buying OTM calls on this with 3 - 6 months on them.
$DIS Elliott Wave countUsing Elliott Wave theory, Expecting a new trend to develop at the end of Wave C of current count.
Disney (DIS): Waiting for the Right MoveIt's been a while since we last checked on Disney. We hit our target for Wave A, getting close to $126. Now, we are working on Wave B, which we think will finish between $96 and $89. This range matches the 61.8% to 78.6% Fibonacci retracement levels, suggesting a Zig-Zag correction.
Current Situation:
Regarding the future outlook, we are looking at $156 to $176 for the next upward move, matching the 61.8% to 78.6% Fibonacci retracement levels for the larger Wave B.
Strategy:
Our plan is to be patient. We are not trading or taking any positions right now. The correction might extend and could bring the price below $77 if Wave (A) isn’t fully done. It’s important to wait for clear signs of stability and the end of the correction before making any moves.
Conclusion:
Patience is very important for Disney right now. We are watching the $96 to $89 range to see if Wave B completes. If this correction phase ends well, we might see a move towards $156 to $176. However, we need to stay cautious and wait for a clear signal before taking any action.
DIS - Mouse is warming up, can see a rally soonLong anywhere here
Target #1 - 108
Target #2 - 113
Target #3 - 121 after a pullback
DISNEYI felt the need to look into this particular stock since they're not only burning through cash, but they're also losing it by loyal customers jumping ship.
My analysis is hopeful thinking, but anything is possible nowadays. 🤷🏿♂️
#DIS $DisGap fill complete
holding daily S3 pivot point
Need to clear 200 ema @102.30
TL breakout expected
104/106 immediate target
106 above sustain 110/115/120 can test
DISNEY ARMAGEDDON *SHORT*Considering the companies lack-luster performance with its streaming service, theme parks, and movies how could one expect any long term gains going into a economic downturn? All of their products rely on expendable income and inflation is only set to get worse. DISNEY WILL BE SUB $50 by next summer along with many others trying to skim peoples pockets of vapor like disposable income. Save your bets for more sound investments. The highs of a couple years ago will never be reclaimed.
DISNEYIt´s not a trade. I buy this asset as an investor por long term.
Good profits we can collect.
Blessings.
I´m already inside. But price can still go down to loook for the area I´ve marked.
thks.
Disney: Sitting on EdgeDisney is currently sitting on the upper edge of our magenta Target Zone (coordinates: $101.24 – $88.36). We anticipate a bullish trend reversal out of this Zone, but primarily, we still think wave (2) must dive a little deeper into this price range before the trend reversal can be initiated. However, there is a 35% chance that wave alt.(2) has bottomed out already, which will be confirmed if the resistance at $110.62 is surpassed.
Looking Bullish on DIS!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Short Walt DisneyLiquidity took upside, clear breaker done, bearish P03, I m expecting the price to go down, Sell limit in place, waiting to be triggered
Don't f*** with the mouse they said ($DIS)Could this be an impulse from inception to all time high?
Certainly looks like it could be an impulse finished or close to finishing starting at all time high, which would just be an A-wave in that case.
An alternative would be to have this impulse as the C-wave of a flat only finishing wave 4.
