$DIS has reached a channel top after the storming rise. Look for a healthy pullback here before everything else
- Just an observation - Great example of a failed pattern playing to the opposite side - Buyers stepped in above the right shoulder while shorts covered...
Disney teaching old dogs new tricks with this new streaming plan... The wife asked me today, honey, can we get the kids Disney Plus? I immediately looked at the chart! Congrats to holders of the Mouse!
Fans of Disney are excited by the debut of the Disney+ streaming service tomorrow (I'll be watching The Mandalorian) but a bull flag seems to have been taking shape on the weekly chart since March. We have to see if it can break out of the flag pattern or if it needs another bit of consolidation first. Also, notice how the stock has found support along the 200-day...
DIS bounced off 131.44 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.
We have been waiting for a while as DIS formed a rising channel at the support neckline of the pattern. Now can add more shorts here on the break of the channel. Good Luck!
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.
Looks like it will fall to 117/118 provided 127 doesn't acts a strong support - H&S on weekly - Big gap to be filled This is a theoritical exercise.. Don't plan to short, but will certainly buy if falls at those levels.
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.
Today's market showed some breath, specially for software. Which is normally a growth>value story. $118 is the closing gap resistance. Important market sentiment: Tomorrow October 4th will be a deciding move, as we get the employment report before the open (8:30am ET). With recent continued weak manufacturing data, this employment data could tell us if a...
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...
- Formed a H&S pattern and break through the neckline - With a large gap to fill, price is likely to go down - Looking at the supply candles, seems like there are people who already shorted at that level