This is an update to this chart: DIS could top out at this level for now, then it could form an inverted head & shoulders to top out once again in the summer/fall of 2017.
SOUND BUT UNEXCITING FUNDAMENTALS Consensus is favorable on aggregate: Buy recommendation, +12.75% target upside. Numbers are compelling (5-yr rev growth +6.63% and ROE +20.35%) but growth has been slipping, esp. in TV. Valuation is un-demanding at a P/E of 17x (now less expensive than the market?) TECHNICALLY ON A DOWNTREND BUT COULD BE REBOUNDING DIS has been...
$DIS bull flag on the 60 into the .618, nearing breakout of falling wedge on daily.
$DIS falling wedge on daily. Recent retracement is golden w/ a .618 touch. Expecting a nice move up
Last time we've earned some on this stock.. now we have the same situation.. strong support.. looks like DIS is in consolidation.. so we can try to get some money. I'll go long.
Check this out. It looks a lot like the drop back in December... I'm banking on continuation down. Short -Cheers
We may see a small break above this price zone? Confirm prior to placing any trade. Confirmation may get us closer to 112's. At that point we may well see a reversal. We will see next week.
I like this formation.. we were in consolidation for few weeks.. now we have up breakout.. It should be nice opportunity to buy this stock :)
Will see if a nice R/R and entry presents itself
$DIS has good fundamentals; chart still has work to do but looks like a viable candidate for a possible run into earnings. Longer term resistance at 104.2 level (convergence of 100 Day and 50 Fib).
DIS announces earnings today after market hours, so look to put on any setup before New York close. Here are the two "classic" setups: Feb 19th 82.5/100 short strangle Probability of Profit %: 74% Max Profit: $127/contract Buying Power Effect: Undefined Feb 19 77.5/82.5/100/105 iron condor Probability of Profit %: 72% Max Profit: $86/contract Buying Power...
Unfortunately, I was fiddling around so much with setups in index ETF's and GLD last week that I didn't get a chance to do a single earnings play ... But it's all good. Naturally, if volatility remains high in SPY, DIA, QQQ, and/or IWM, I'll continue to work those. However, while I'm waiting for some kind of bounce to occur to leg into the short call side of...
Waiting patiently for proper pricing. Once we hit that price zone we can figure our position to take.