NYSE:DIS -Walt Disney could dive further after breaking $111 -Update
It looks like the DIS broke out of a major support zone located near $111.
During the previous days NYSE:DIS was showing some strength but couldn't manage to rise more
and today we can see the price below the structure zone again.
On the 4-hour chart, we can expect a deeper correction as a...
Walt Disney's ( NYSE:DIS ) streaming entertainment unit posted its first profit on Tuesday, two quarters ahead of schedule, and the company raised its annual earnings per share outlook as it said turnaround efforts were yielding results. Shares of the company were down 1.4% in premarket trading. Disney ( NYSE:DIS ) now expects adjusted earnings per share to rise...
I want to see DIS hold the $116 level, invert this monthly FVG, and take out the highs in the daily FVG and at std -4 near $167
A short term play will be longs into the monthly FVG, targeting $123-128
Rejection of the monthly FVG and I will short into the weekly FVG $107-98
If you haven`t bought the dip on DIS:
Then analyzing the options chain and the chart patterns of DIS The Walt Disney Company prior to the earnings report this week,
I would consider purchasing the 112usd strike price Puts with
an expiration date of 2024-5-10,
for a premium of approximately $2.82.
If these options prove to be profitable prior to the earnings...
When Americans feel depressed or unhappy about life, they tend to spend more money on fun things--something to consider during a presidential election year.
For now, NYSE:DIS is looking fine for its earnings report next week. It was over-speculated, so adjusting back down closer to fundamental support is normal. The gap up in February was on way better than...
NYSE:DIS -Walt Disney could dive further after breaking $111
It looks like the DIS broke out of a major support zone located near $111.
On the 4 hour chart we can expect a deeper correction as a swing trade.
If we also consider the daily time frame a major resistance zone was already tested. This zone is dating back in August 2022 thus adding more value to...
The bearish short term shift from the high indicates this pullback is more meaningful and likely to be a larger degree wave two pullback with targets in the 101 zone.
Not financial advice.
NYSE:DIS trying to fill the gap in the purple box at the same time inside this broadening formation. will see if bulls recover or will go to retest the bottom of the formation.
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thanks!
NYSE:DIS Disney is developing a head and shoulder pattern it could fill the gap if support doesn't step in after earnings. Look for 105-100 as a target if volume doesn't buy in expected Gap Down and gap fill below it couldn't break upper resistance at 124 level either
NYSE:DIS might be oversold, at least in the near term. It has been selling off at a parabolic rate for over 2 years (starting Mar '21), but has recently shown signs of a bottom.
Signs of bottom (maybe!):
- Price has been declining at a parabolic rate for years but Weekly RSI seems like it might be showing a weak trend reversal starting around June '22
- Price...
Upcoming Earnings Release:
Walt Disney Company (ticker DIS) is scheduled to report earnings on 7 May before the market opens. The consensus EPS estimate for the fiscal quarter ending March 2024 is $1.09. The reported EPS for the same quarter a year prior was $0.93.
Buyers Preparing to Show?
What price action is currently showing is slowing downside momentum....
NYSE:DIS I have taken a long position here as DIS seems to be holding the 50 DMA (red). My stop is nearby, just below the low on April 16th. This is a very early entry as it is below the 8 and 21 EMA but just reclaimed the 5 DMA (white).
The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading...
This video goes into depth on the types of market structures and how they happen. Ranging -> Breakout (Spike) -> Channel (trend or a ranging trend) -> Climax. The market moves in these repeatable patterns over and over and over again. If you can diagnose where we are in these cycles then you can harness this skill to improve your trading.
I can see Disney pulling back to support (upper line of parallel channel) creating confluence with the .236 fib.
Wouldn't play this short but would 100% take a long at around that price range ($88-$90).
In the annals of financial lore, few sagas are as captivating as the rollercoaster ride of Disney's stock. From the dizzying heights of its peak to the depths of its nadir, the House of Mouse has seen it all. Yet, just as a phoenix rises from the ashes, so too has Disney experienced a remarkable resurgence in recent times. But amidst the euphoria of its stock's...
DISNEY NYSE:DIS | DISNEY DESCENDING TRIANGLE PATTERN - Apr. 11, 2024
BUY/LONG ZONE (GREEN): $118.50 - $123.00
DO NOT TRADE/DNT ZONE (WHITE): $116.50 - $118.50
SELL/SHORT ZONE (RED): $112.00 - $116.50
Weekly: Bullish
Daily: DNT
4H: Bearish
A week ago NYSE:DIS broke its bullish trend on the 4H and lower timeframes. The Weekly timeframe still holds the bullish...
