DIS - As per the daily chart it's about to break the support zone and expected to fall further.
Key levels ;
Sell at the current price 124.23
Maintain stop loss around 131
Potential downside target 114.80
Follow the levels as mentioned.
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DIS - On daily chart & daily candles momentum is good in positive bias, Good potential breakout is there.
Good buy here at current price 125
Proper stop loss around 118
Target should be around 137 - 150
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After the decleration that the company having re-organization, with the emphasis on the TV content, the stock jump 5% up, then had a correction and now closed to uptrend line.
Looks like a good time to take it for long:
Take profit @ 135$
Stop loss @ 119.5$
Looking at a double bottom about to go up. If it goes through, it could also pass through a big descending wedge.
With SPY also currently breaking out of a channel and heading for a flag breakout itself (see last post) its a good sign DIS will do well today.
DIS is now showing an indication that it will form Double Bottom pattern. Since the candle was going outside the bearish channel, and it tends to follow the bullish trendline, then there is a strong possibility that it will form the Double Bottom pattern. Don't forget to set your stop loss.
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Looking for price to break the read area ( long term down trend resistance.
Ideally the longer blue line support up trend. Mullti weeks targets, looking for new support areas in the coming months over $170.
When Disney take over the world, buy and hold
$DIS had a bit of a stumble dipping down but, to unsuspecting bears (so far), buyers were waiting for the right time to strike. The massive one-two punch of a 3-Press Low Pattern dipping in to rising support was good enough but if anyone doubted them, the bull bar closed out super strong. Either the buyers rip this higher or this is a final stand and we get a...
Disney over the last week or two seems to have formed multiple tops and bottoms at about 137 and 131 respectively. At least in the short term I'm expecting that to continue. I dont think I need to state the obvious on when to go long/short, but watch the RSI/volume and should this trend be broken, consider either of these points could flip to be a resistance/support.
DIS has some gaps to fill on the way down but Also gaps to to the away up. I am looking for a long position on DIS. VIX is high right now so I want to practice caution on trades right now. The DOA sniper incidator that the 4hr trend is still a short basis. NYSE:DIS
This is the weekly chart for $DIS.
In April '19, a huge volume spike propelled the stock out of its multi year trading range. It went on to trade as high as $153 a few months later, before falling back to its range.
Early last month, we see a similarly huge volume spike out of its trading range. Prices held, just like what it did back then; more importantly,...