Hello, Friends!
A recent breakout signals
That the bulls are still strong
And I am growing in confidence
That a bullish surge is coming!
BUY!
✅LIKE AND COMMENT MY IDEAS✅
Hi everyone, I hope this video helps explain my long trade in Disney. Support at 97.25 - so put in stop buy @99.30 with SL of 97.45 and Target of 110.15 with 1% equity at risk (so long of 456 shs). This isn't financial advice - please seek your own advice - just sharing my trade idea - safe trading!
Price playing out according to my analysis last week, giving us a -2.47% change in price. We get a small reaction at the bullish POI at 101.13, but price is unable to break market structure to the upside. I'm expecting price to continue lower, following the lower timeframe order flow. Potential target for this down move is the bullish POI at 88.07.
disney with a potential blow off top here. last 3 times we've tapped overbought, it's led to significant sell offs.
been in over bought territory since the 23rd. now have a second daily bear div present. expecting a pull back to daily rsi eq. $100 seems reasonable, but long trigger should be the rsi eq tap.
The PEAD projected a bullish outlook for $DIS after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 68.75%.
Price playing out according to what I analyzed last week. No changes to my expectations, expecting price to head towards the bullish POI at 101.13 next. From there, we will see if there is a confirmation on the lower timeframe to push price higher.
Disney play pre-earnings on Wednesday. Overbought, likely rejection of resistance there. If Amazon & Apple's earnings are any indication, big tech are in trouble.
Bull Pull Back Set Up:
Disney made a new swing high on the 9th of this month and has since then pull backed to the 20 day with lower volume. 50 day is also rising and with the candlestick we had today, it triggered my entry.
Gonna give this 3 weeks to hit my target of 114. I'm thinking it's going to want to go test 113.50 again and possibly break through it....
Price playing out nicely as analyzed last week. A confirmation to go lower was shown on the lower timeframe as we get price trending lower slowly. My expectations are unchanged, expecting price to continue lower with the target at the bullish POI at 101.13.
Looking at theDIS Disney options chain ahead of earnings , I would buy the $115 strike price Calls with
2023-3-17 expiration date for about
$4.05 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
Shares from 98 are good for the soul but still kinda boring yet at the same time still has an intriguing upside flow to it. Congratulations to all entries below 100!! Keep printing the rakes everyone!
--stikstockitslive
Disney had a nice rally. Its the rally we have been waiting for.
Finally hitting and fulfilling our upside target we are now accumulating a swing short on Disney.
The level was hit in the post market session and has pulled off the highs nicely.
We telegraphed this trade to our subscribers and were already in the money.
