I believe Disney is on the way down, with a possible bounce at the brown line.
$DIS bull flag on the 60 into the .618, nearing breakout of falling wedge on daily.
$DIS falling wedge on daily. Recent retracement is golden w/ a .618 touch. Expecting a nice move up
Last time we've earned some on this stock.. now we have the same situation.. strong support.. looks like DIS is in consolidation.. so we can try to get some money. I'll go long.
We may see a small break above this price zone? Confirm prior to placing any trade. Confirmation may get us closer to 112's. At that point we may well see a reversal. We will see next week.
DIS is displaying bearish MACD divergence after a double top and a break of a 4 month long trendline. I am short on the retest of the trendline until the 93.25 area where a bullish bat could potentially be completed. SL is placed above .618AB with target above the completion of the bullish bat.
Looks like a double top in Disney. Fundamentals of the company are very solid, and with Star Wars release, I am not sure if this will play out. If not a double top, could be a good buying opportunity at the resistance. I will be buying some puts here and will consider going long on the stock itself if it holds support line and bounces back.
Speculation: Disney is looking to test the 200 DMA, potentially pierce it, and then rise up with the release of Star Wars, etc..
Finalizing our Dow Jones overview is Disney - and it is doing it on a positive note! DIS is one the best-looking stock from our Dow Jones overview - on par with Nike and UNH, also Viza. On long term perspective it trades firmly above upper 1st standard deviation from 5 and 10 year means - which means that long term uptrends are well in progress. On short term...
Price of Disney's stocks holds nicely during this corrective phase showing relative strength. S&P was up 1% on Friday and gain 6 handles on premarket showing some follow through. This stock could be a good candidate when market buying will resume. Entry ans Stop on chart. It is difficul to say what could be potential target as stock hovering near historical...