If we are not mistaken in Elliott's calculations and wave counting, now is a good time to enter Walt Disney.
In this case, the first target will be $120 and the second target will be $145.
If the price goes below 83 dollars, our calculations were wrong.
There has been a lot of buzz around Disney lately. There's also possibility of potential sale. I think this iconic company has all the makings of becoming the next meme stock.
If you look at chart pattern, we're nearing the bottom of the channel and I believe there's one more leg up before we see major correction.
Undervalued.
The Walt Disney Company, commonly known as Disney, is an American multinational mass media and entertainment conglomerate that is headquartered at the Walt Disney Studios complex in Burbank, California.
DIS looks like it's bottoming out, this support has been very durable. However there are multiple resistances on the way up so exercise caution. I personally opened a SMALL long position. Small because the resistances on the way up make this trade less ideal.
Disney has formed a bullish triangle pattern indicating a potential upward rally, with a clear confirmation of a breakout. The pattern is supported by a consistent and robust level at the bottom, where strong buying activity occurs whenever the price revisits this zone.
Price consolidated since my last analysis. No changes from my original expectations, I'm expecting price to continue lower, potentially taking out the clean lows at 84.07.
NYSE:DIS Parallel Downtrend Continues, looking for double bottom to hold support. Will take a small position if it gets there. Stop out on a weekly close below the double bottom.
Price is testing the broken support now resistance. There are several bearish patterns on this one. The has been falling for months. It is work you buy some puts here.
With its earnings approaching, could the results and the guidance be the catalyst needed to turn the stock around. This could be a great opportunity and worth analyzing the chart technically. It appears as the stock is starting to gain some attention in the near term as volume picks up and its forming what appears to be a falling wedge (bullish). On the larger...
Disney's shares fell this week to their lowest point in 2023, largely due to the SAG-AFTRA strike. Disney is sat right near the bottom of its 24 month range, and just 10% off its COVID driven March 2020 low of $79.
Despite the negative moves, experts predict that Disney's shares will rise to $120.53 in the next 12 months, a 38.25% gain on current prices. This is...
I think there is a complex H&S over last decade that has formed here and with Disney's terrible losses at the box office, pretty sure this is a good bet for a short opp.
Wdyt?
Historical Performance: Over the years, Disney's stock has shown long-term growth and has been considered a stable investment for many shareholders. However, it's important to note that past performance is not indicative of future results, and the stock market can be subject to fluctuations and risks.
With all of its attractions and streaming products disney will...
Price did not play out as analyzed last week. Price is showing strong bearish momentum within the current bullish POI. Despite this, we should wait for the lows at 84.07 to be taken before we can consider a short. If short scenario play out, I'm expecting a bullish retracement into the bearish POI at 90.71 and potentially taking out the lows at 79.07.
Walt Disney has lagged the broader market this year, and now traders may see risk of further downside with earnings due on August 9.
The main pattern on today’s chart is the succession of lower highs in May, June and July. Combined with the late-May low around $87, those peaks have created a descending triangle. The media stock closed below the bottom yesterday,...
Red candle that reached below the support line of the symmetrical triangle.
Hefty red candle committed the dirty deed.
Earnings estimated 8-9 AMC.
No recommendation.
Short interest low at just over 1%.
Analysts appear negative on earnings.
Markets like this one can put steel in your backbone )o:
Disney (DIS) is trading at it's major 8 year support level. This is the most obvious long trade I've seen in a very long time. This DIS 1 month chart is very simple. It has DIS historical angle of trajectory centerline with it's major 8 year support level. I will be legging into far dated DIS calls this summer.
Options data:
8/18 expiry
Put Volume Total...
