DISNEY; We Going to Space Mountain or What?
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Disney 🐭 has earnings coming out soon. It is likely the Disney+, ESPN+, Hulu, home video, and maybe even some online shopping parts of the business are up. However, theme parks are closed and those parks generate about a third of Disney's total revenue.
Will traders look past the potential theme park related hit on earnings and take us to Space Mountain, or are is this stock about to drop off the Tower of Terror? 🎢
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1. We are looking for a clear uptrend to form or for the downtrend to continue either into earnings or shortly after.
2. Fractal Trend is showing a downtrend (Red bar color) for DIS on the daily. With this strategy, we want to go long ONLY when Fractal Trend is Green and Breakaway scalper shows a Green bar color. Meanwhile, we want to Short Only when Fractal Trend is Red and Breakaway Scalper shows a Red bar color.
3. If traders are bullish on earnings, then we will be looking for a path like the highlighted one in Green to play out. Here we expect reactions at R1 - R4.
4. If traders are bearish, we expect reactions at S1 - S4.
5. Ultimately the chart should tell us whether short term pain in theme park revenue is more important than user growth for Disney+ on other digital media. Keep in mind, the theme park side of their business currently represents a much larger chunk of their total revenue.
Source:
https://thewaltdisneycompany.com/the-walt-disney-company-reports-first-quarter-earnings-for-fiscal-2020/
Like and Follow to help us grow family! 🎉
---
Disney 🐭 has earnings coming out soon. It is likely the Disney+, ESPN+, Hulu, home video, and maybe even some online shopping parts of the business are up. However, theme parks are closed and those parks generate about a third of Disney's total revenue.
Will traders look past the potential theme park related hit on earnings and take us to Space Mountain, or are is this stock about to drop off the Tower of Terror? 🎢
---
1. We are looking for a clear uptrend to form or for the downtrend to continue either into earnings or shortly after.
2. Fractal Trend is showing a downtrend (Red bar color) for DIS on the daily. With this strategy, we want to go long ONLY when Fractal Trend is Green and Breakaway scalper shows a Green bar color. Meanwhile, we want to Short Only when Fractal Trend is Red and Breakaway Scalper shows a Red bar color.
3. If traders are bullish on earnings, then we will be looking for a path like the highlighted one in Green to play out. Here we expect reactions at R1 - R4.
4. If traders are bearish, we expect reactions at S1 - S4.
5. Ultimately the chart should tell us whether short term pain in theme park revenue is more important than user growth for Disney+ on other digital media. Keep in mind, the theme park side of their business currently represents a much larger chunk of their total revenue.
Source:
https://thewaltdisneycompany.com/the-walt-disney-company-reports-first-quarter-earnings-for-fiscal-2020/