Disney(DIS) : Series on Equities #2 (3-4 minutes read) This will be a short and simple T.A, just because it's Disney . Their ratios, products, management etc, speak for themselves and their fundamentals. I will just go through the technicals- most of the fundamental risks that aren't idiosyncratic to Disney are covered in my previous posts(Links #1&2) . Since...
DIS chart looks very bearish. big topping H&S formation with a break below the neckline a retest of the break happened last week with a failed attempt to cross over. last low area at 127.5~ is the first target stop will go to 143~
DIS bounced off 129.77 where it could potentially rise further to 137.12. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
DIS approaching support at 129.38 where it could potentially rise further to 137.12. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
DIS reversed off its resistance at 130.27 where it could potentially drop further to 123.95. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Volume analysis matches up beautifully with the H&S, and there's also a bearish divergence on the RSI too. All of this points to a reversal. The measured move of the H&S pattern has price falling to $115 which should act as pretty strong support, and this also falls on a important trend line as well. Holding & confirming this as support is cruciall if price is to...
DIS has slipped down after reaching new highs on the short-term trend. The stock gapped up in April with a Shift of Sentiment™ indicator pattern. However, Dark Pool Quiet Rotation™ has been weighing heavily on price in recent months.
DIS approaching support at 129.90 where it could potentially rise further to 137.12. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Nice H&S pattern formed on Disney stock. Targetting the gap fill.
DIS is expected to drop to 1st support at 127.81 where it could potentially react off and up to 1st resistance at 137.12. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Bounce from the level, entry after confirmation
Disney (DIS) is currently forming an H&S pattern, which is generally a topping formation pattern. Based on what I see, I think Disney could retrace down toward 117.50-120; as it would coincide with a gap in the price action (around 117.50 or so) and it would test a potential bullish S/R flip around that 120 zone that acted as resistance for awhile, as shown by the...
DIS expected to rise up to 1st resistance at 139.75 where it could potentially react off and drop down to 1st support at 123.95. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
something we called out in the mentor group and just easily followed along. it works every time 30% of the time!
$DIS with the release of Disney+ coming up ready for new highs? Waiting for a retracement to the box to enter a nice long position.