Trade Setup: Buy/Long Walt Disney Co.Published just after midday on our client platform. For more insights and real-time ideas, get in touch today. 
Today on European markets, travel firms and retailers are leading gains, with optimism around potential re-openings. During yesterday’s US trading session, we also took at a look at leisure firms (including Royal Carribean Cruises), with the price action and structure firm amidst sentiment. In a related sector, the Walt Disney Co (DIS) has been a trading sideways since it’s recent earnings release however yesterday’s candle formation is signaling potential for move higher. In addition, the trading range has contracted while the price is rebounding off it’s rising 200-day moving average.
For the trade to trigger, we would like to see a close above $183.22, combined with a positive day (higher close than previous day) as well as a breach of the symmetrical triangle formation.
These are my provisional levels:
Buy on a close above $183.22
Stop: $177.40
Target: $197.00
Last Close: $181.30
Trade ideas
DISNEY - Is she ready ?Well I'm looking at disney on the weekly chart and then on the daily chart ,
I streched the fibo on the weekly chart and it seems like it stopped about the first resistance after the pull ap from 3/2020 + the volume is getting low
Then ,as you can see, on the daily the price stopped on the 200MA and it made a beautifull green candle which perhaps is pointing us that DIS is ready for another move.
ALL OF THE ABOVE IS FOR PURPOSE EDUCATIONAL ONLY
YOU MUST DO YOUR WORK BEFORE TAKING A DECISION TO BUY OR SELL STOCK
$DIS Upcoming earnings estimated November 11, 2021Upcoming earnings estimated November 11, 2021.
Disney's FY 20 revenue was distributed as follows: 
 
 28.39B Digital Media
 16.5B Parks, Experiences and Products
 9.64B Studio Entertainment
 16.97B Direct-to-consumer and International sales
 
Digital Media generated nearly 40% of total revenue and double any other source of revenue.
The revenue during the latest twelve months ending June 30, 2021 was $63.591B, a 8.9% decline year-over-year.
The revenue during the latest quarter ending June 30, 2021 was $17.022B, a 44.51% increase year-over-year.
Disney’s 2021 third-quarter Parks, Experiences and Products revenue segment jumped 307.6% to $4.3 billion, up from $1.06 billion during the same period last year.
In each of the previous five quarters, Disney has reported a loss in operating income in the segment because of the Covid-19 outbreaks.
Current reservations are above third-quarter attendance levels. However, recent increases in Covid-19 cases have prompted some group and convention cancellations.
DIS resistance and possible rejection off 161 fib levelThrough the parabolic rally of 2021 DIS has now reached the 161 level of the March drop. This often becomes a critical inflection point. If broken, it can be a strong indicator of a bull trend but if the price rejects away from a 161 (Or makes a small false breakout that fails and breaks back under the 161) this is often one of the earliest warning signs of a trend faltering. 
$DIS Disney primed for a big move to the upside. This is a texbook chart. It has completed the 4th and is about to commence the 5th wave. 
All MA's are coiled and it has been trading in a very tight range in the last couple of days, that's very bullish. 
MACD is bullish (both histogram and cross). 
Disney’s ESPN sports-betting deals could net $3 billion,therefore I'm pretty sure we'll see $300 in the near future. 
DIS BreakoutLooking back at the last five times the MacD crossed bullishly on the weekly chart for Disney, we get (on average) a 24.2 percent move over 3.3 months. The MacD on the weekly is curling again, with a turning point of around 173 on August 2. If we use the average, we should be at 215 (24.2 percent from 173) by the middle of November (3.3 months from Aug 2). This coincides with the length of wave 1 from the wave 4 low (167) for wave 5 to complete a five wave impulse from the covid bottom in March 2020. With delta variant cases peaking and finally trending down, we should see some money rotate into travel/leisure plays like Disney.
$DISDisney looks like it’s ready for its next move on the daily chart.
- Currently sitting on a volume shelf
- About to break symmetrical triangle
- Moving averages coming together 
- RSI above 50.
- MACD curled.
- Price closed on a bullish engulfing
You couldn’t get more bullish than this.
Keep this on your watchlist.
- Factor Four
DIS trying, generally a slow mover so be cautious DIS stuck in consolidation faze lately but we usually see big breakouts after lots of sideways. watch for a clear break of downtrend resistance. we can target 179-180+ and even higher if we see a bullish market next week. goodluck! leave a like and follow for more :)
DIS $180 BreakoutDIS has been consolidating for most of 2021 between $188 and $168 in a $20 range 
Over the last 5 months the range has started to tighten up with a few breaks of $180 but this soft level still acting as resistance
We are seeing the buyers step up as they continue to form higher pivot lows ($168 to $170 to $171 to $172 to $176)
Each time this happens buys and sellers continue to get closer to see who will take over
Keep an eye on that $180 area vs $176 for now
DIS - Where from HereDisney has been on my watch-list for a while. During the pandemic because of the Disney+ services and as a re-opening trade with regards to the Theme parks. 
The headlines around the Delta variant clearly has muted the price action of DIS quite a bit and the stock has been trending sideways since topping out in March this year. 
 Fundamental Highlights: 
  P/E at 82.5 seems very high but then the theme park closures has impacted earnings and thus driven the PE up
  Rev. per Share has been strong thanks to Disney+ service demand during the pandemic
  Capital Spending per share remains at the 5y average which in my eyes is solid given the pandemic
  Positive FCF shows that the company is able to generate cash even if the parks are closed
  Dept / Equity seems solid and not overly leveraged
  Disney has not payed dividends since 2019 which is understandable and acceptable
 
Conclusion: The fundamentals seem solid which is confirmed by current analyst ratings and a price target of $210 according to IBKR analyst consensus.
 Technicals 
  Since the highs in March 21 the stock has retracted and bottomed out around $170 with multiple confirmations at that level
  Formation of a descending Wedge formation, indicating a positive outbreak potential
  Narrow regression band indicates indecisive trading 
  Failed wedge breakout in the Aug 15/16 trading session, however lower leg has confirmed support
  RSI neither overbought nor oversold confirming doll-drum territory
  MACD show no clear indication either and has not done so since May
  Resistance band around 190-195
Conclusion: DIS seems bound to make an outbreak of the current pattern in a not too distant future. There seems to be strong buying interest in the $170 area. A breakout above the wedge into the resistance level of 190-195 seems likely. Further upside possible but it will require momentum which could be helped by a positive earnings Q2/Q3 earnings report.
 My Strategy 
  Seeking exposure around current levels, might be early but I am confident with the current support levels
  A combination of Long Stock and a Risk Reversal 
  Stock @ Market, SL 170 / TP 209
  Risk Reversal Long C Jan 22 210 / Short P Jan 22 150
 All feedback, suggestions and input is highly appreciated  
*** Disclaimer: I tend to use both Fundamental and Chart Analysis for the evaluation of my investments. I act as an investor, not a trader with a 9 months or more time horizon. The above represents my personal opinion. I write these postings as a trade log for myself. Conduct your own research before taking any positions and do not invest what you can't loose***
DIS - 8.23.21 - Possible ScenerioDisney may rise here off the purple support line, but may not rise higher than the previous high. I am looking for a pullback from the 180/190 area to the BLACK mid-line. Price may trend here between yellow, and green. 
Target area is highlighted in illustration (160-175 area)






















