Disney, down big in after-hours, but it's just he start of this glorious decline. Long term this will work it's way to the low 50s (12 to 24 months out). Will She-hulk save them??? Let me know what you think!
A look at the monthly chart revealed that DIS has establised a strong support between 79 - 84 since 2015. This zone has been tested several times (2015, 2016, 2020) and the last time being just recently in the last week of Dec2022.
A bullish divergence is seen on it's monthly chart, increasing the odds of a bounce lasting a couple of (monthly) candles. (bullish...
Avatar 2 has a much weaker-than-expected opening weekend and James Cameron implied that the movie will need to make around $2 bln to break even. NYSE:DIS is likely to suffer some short trend, nevertheless NYSE:DIS has always been one of the bluest in the blue chips and single movie fail won't sink a giant that easily.
Risk Disclosure: Trading Foreign...
It is hard to tell what is really going to happen to disney. The valuation on a fwd PE looks to be reasonably valued as well as a low price to sales ratio. The question really is, are they going to pay down their debt over the upcoming years and will they have the free cash flow to support paying down that debt.
From a purely technical standpoint, it is at the...
Nice falling wedge here showing on Disney. The longer these patterns take to form the bigger the move..
I'm looking for a breakout around next earnings !..
Might test 2020 lows 78-82 before then
If we watch this ticker where it is, it is practically in no man's land. We know it is in a down trend but the question is this, will this be the bottom for a reversal.
We are wedging here but if you are not careful you would think that this is the time to jump in the stock.
DON'T!!!
Get a break out above or a rejection before you commit.
So lets put it...
NYSE:DIS wave analysis
Starting 8th of March 2021 we have a big impulse wave down (1to 5) finished or almost finished.
The interesting part is that Wave 5 has taken the shape of an ending diagonal.
An ending diagonal in the words of R.N Elliott is singling "The price has come too far. Expect dramatic reversal ahead."
So we need confirmation that the...
The algorithm is showing Disney in a very important historical support zone.
In the chart you can see the historical channel and how the price is approaching the support line. Furthermore the 80$ is a key support that if it's lost could move the price to 43$ easily because there is no other serious support or historical volume.
So, by buying slightly over 80$...
DIS has seen a much higher 52 week high, I do not think it is time for DIS to reach those highs not yet, but there are some signs pointing to the price reaching $120, support and resistance has formed, with resistance being sort of weak, not to mention, earnings are coming soon, could that mean DIS will bounce even further following it?
falling cycle -29.56% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240...
Here we are looking at DIS on the daily TF.
As you can see here we are looking at a trend line going back to 2013. The Yellow line acted as resistance until the end of 2013, then a break out occurred. The yellow line now serves as a great support and even re-tested the line at the Covid lows in 2020.
The support line (yellow line) I have outlined on the chart...
