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
NYSE:DIS - Price formed a nice head & shoulders and has been rejected from the neckline - Targeting gap close - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Nice H&S pattern formed on Disney stock. Targetting the gap fill.
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...
A couple major things for this chart. 1. The Head and shoulders pattern signifying a break of the support line that has been tested multiple times recently. 2. The declining volume with price rising = bearish. 3. The 26 Week EMA being tested for the 3rd time. As well as a gap that needs to be filled (on the daily chart, we're looking at the weekly) at around...
$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.
I can't see Disney taking meaningful shares from Netflix but the chart is rather bullish Break out & gap up after good earnings (announcement of Disney plus) Stock has been consolidating for a few months, since gap up Trading between the low $130s, high $140s. A break above $140 and this can potentially hit $200.
DIS looks like a pull back to the trend line. If the Trend line is broken, I'll buy at the next level of support.
Disney looks pretty strong. it held up very well during the market sell off the last few days. its just hanging at the 100 day moving average It looks like a nice double bottom formed over the last 7 days and again the last 2 days For a swing Buy 135 Stop 132.5 First target 140 thats a nice 2 to 1 I think ATHs are in reach later in the year. might depend on the...
Walt Disney is still in a downtrend and moving towards 129,90 which is a massive support. As you can see as well, the candle bounced against 0.5 fibonacci resistance, which indicates the downtrend it still going on. I would highly advise you to put Disney on your watchlist and maybe set an alert for 129,90 support line. If it breaks out of its downtrend earlier,...