Disney stock surged 10% on Friday, on its official unveiling of Disney+, a video streaming service. Disney+ will be available from Nov 12 for $6.99 a month or $69.99 a year. $4 less than Netflix’s most popular plan, this is a price point at which Disney hopes it can undercut Netflix – and other competitors – in what has become an increasingly crowded field.
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Volume Profile Resistance starts at $6000
78% Fib is at $5800
RSI and MFI are almost overbought, which could be reset by travelling to the bottom of the current...
The price is at the resistance zone between 115.00 and 116.00 levels. We get a reversal candlestick pattern which can be used for opening sell positions. If the price drops below the low price of this signal candle, it will be a confirmation of the further downward movement. The targets for the sellers should be 112.00 and 109.00 levels.
RSI is going to confirm...
Gotta love it, DIS shows off some streaming and goes ballistic. Up $13.46 while NFLX goes down $16.51. While that may seem pretty even, DIS has a lot more shares than NFLX, so DIS market cap goes up $24.2B today while NFLX market cap goes down $7.2B. So in the end effect, the market added $17B in value today, which is why it's so hard to short indices. (Both...
50 DMA has turned green recently which indicates trend is bullish. Sentimental RSI is moving towards 65 which is bullish zone.
Small weekness in price will be good time to buy. Go long on DIS.
DIS (Disney) is currently within a weekly ascending triangle pattern. We've tested the flat-line of resistance around 120 three times, and we've tested the rising line of support about six times and buyers have shown up to defend it each and every time. It is now trading above the 50/100/200 weekly moving averages, and it appears it wants to test that flat...
Going long on Disney based on a few factors:
Launching their own streaming service
Avengers Endgame at the end of this month
Earnings on May 8th
Ascending triangle shown on chart
I think that based on those factors we'll see a retest and break of $120, afterwards we'll see price discovery in the upwards direction.
Going long on Disney due to several factors:
Disney streaming service launching April 11th
Captain Marvel and Avengers Endgame revenue
May 8th Earnings
Ascending triangle as shown in chart
I think we'll break the all time high of $120 based on these factors, which will then lead to an upwards price discovery.
WARNING: Investing in single equities comes with balance sheet risk, if you want to invest in single equities make sure you understand the volatility of the asset, catalysts, your portfolio is in some way diversified and you have strong risk management.
Disney penned a deal today with Hulu to create 4 Animated Marvel superhero series! The Megalodon is giving us a buy on the technical side!
The Megalodon indicator uses an artificial intelligence, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all asset classes! Send me a message if...
Keeping an eye on Disney as a buy right now. Getting those rights to Marvel and the movies and new park possibilities is fundamentally beautiful as a reason for them to just keep profiting. People love Disneyland. Why not Marvel-land!? Make a freaking Avenger-land and we'll rake in the profit from all the revenue.