Disney is another stock that not only sports a nice Elliott pattern, and in this case a simple ZigZag, but also seems to tell us that current bearishness in the stock market could be over opening the door for a nice rally as the next move of consequence. It appears the huge advance from the 2009 low needs at least another upleg before being completed. From recent...
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...
The price is testing the Fibo 0.236. If it breaks through, we may see new attempts against the next Fibo level and the Kijun itself.
The MACD and RSI tells us that the medium term bottom is probably close and provides an entry opportunity. There are several gaps above that are waiting to be filled.
Waiting patiently for proper pricing. Once we hit that price zone we can figure our position to take.
Since 2008 this company has done really well. It's not a down trend just yet.
DIS is displaying bearish MACD divergence after a double top and a break of a 4 month long trendline. I am short on the retest of the trendline until the 93.25 area where a bullish bat could potentially be completed. SL is placed above .618AB with target above the completion of the bullish bat.
There is huge demand at next support level $90 and good to get in there with tight stop $86.21 with target price upside $105. Go with real-time alerts www.2waytrading.com
Expanding triangle with a pullback, confirmed bearish breakout. Ended below target. This breakout is exhausted.