FB 61.8% @ $64.06. Also a potential iHnS pattern with the same price targets. Swing traders can go long at neckline of $97.77 for a price target of $105 at Right Shoulder.
Second Target $90.
Looks like a double top in Disney. Fundamentals of the company are very solid, and with Star Wars release, I am not sure if this will play out. If not a double top, could be a good buying opportunity at the resistance. I will be buying some puts here and will consider going long on the stock itself if it holds support line and bounces back.
Speculation: Disney is looking to test the 200 DMA, potentially pierce it, and then rise up with the release of Star Wars, etc..
10 day uptrend mode failure corresponding with a 7 week mode expiration. Price is also expanding range lower below 2 key earnings levels, with a target back to the prior 7 week mode. Daily entry for a weekly target = trail every daily RE bar + risk half initially Entry: Market (half typical risk) Target: 102.91 Stop: 112.37
Bearish bat Gap close just above Potential channel top Overbought with potential divergence N.B. Very bullish long term trend!
Highly anticipated sequel of the franchise gets the JJ Abrams treatment with the return of the original cast. Pity Alec Guiness can't make it. Expected to be one of the highest grossing movies of all time. Despite a big dent in Disney's cable revenues the December release will almost undoubtedly push the price of the stock up making this a very high probability...
Well as you all know I'm in Disney... Been in the trade to the long side for a while now, and I just wanted to keep you guys updated on the trade. Price Pattern 1: Ascending Triangle (Bullish) - We have a potential ascending triangle forming for a break above 105.00 - If we get a break above 105 the next level of resistance is 107.60 Price Pattern 2: Bear...
Finalizing our Dow Jones overview is Disney - and it is doing it on a positive note! DIS is one the best-looking stock from our Dow Jones overview - on par with Nike and UNH, also Viza. On long term perspective it trades firmly above upper 1st standard deviation from 5 and 10 year means - which means that long term uptrends are well in progress. On short term...
Well at the end of the week I always analyse the weekly charts, especially longer term trades I have open. And as you already know I am long DIS. What I've outlined in the chart is the huge bullish weekly candle that formed at previous support (which is evident from the previous weekly impulsive wave higher that started the move up to the 120.00 area). So in other...
Well I first started the initial position on DIS around the 110.00 area, And I've added more around the 96-100 area. I don't really care about candlestick formations on this one, all I care about that it fell below the 200 Moving Average which is a screaming buy to me regardless of any candlestick formations. Buy volume supports the moves in DIS so I'm comfortable...
currently down $105.26 -1.74%... would like to see another 2-3% drop in SP before I start scaling. I believe Disney also the ability to re-test $100, and the investors that missed out before earnings beat will be salivating.