Decent looking bear flag setting up here, looking for a retrace into the 38.2 level then a break to the downside. If the markets are weak tomorrow then it could drop nicely.
Disney is in the retail news a lot these days but the chart has a pre-earnings run in anticipation that Year over Year financials will look a lot better than it did most of 2022. This stock has been as high as $200 a share so it has plenty of room to continue upward.
HOWEVER, it is over-speculated right now so profit-taking on the earnings release, good or bad,...
Get ready to take a ride on the upcoming Bullish train in the world of disney as it forms a falling wedge.
Buy around 100-103 stop loss 95
Profit target 120 and beyond......
Market Conditions:
- bullish trend
- possible false breakout / reversal
- bullish sentiment in the market
Key Level and Lines:
- $112.85 resistance
Trading Ideas:
- go short using a false breakout / reversal signal from the resistance
- go long if the price moves above the resistance and consolidates above for a few days.
Price did not play according to my analysis last week. Price rallied higher into the main bearish POI at 109.88. Right now, I'm expecting price to give a confirmation on lower timeframe to go lower. Target for the down move is at least the bullish POI at 101.13. If not, price could potentially rally higher into the fair value gap at 115.27, following the order flow.
With November coming to an end, DIS is currently ending the month off showing wick rejection on the monthly chart off of a key demand zone between $71.00 - $86.65, in confluence with the 200ma/200ema and 61.8% fib. From 2015 to 2020, Disney’s price has bounced from this area 5 times previously (including the initial breakout from this zone back in Jan/Feb 2015)....
A double bottom , a very strong one in fact has formed on DIS
I am suggesting that DIS be bought once price rises and crosses the diagonal line
In the past this diagonal can be seen once broken leads to strong rises
📈 What’s up investors! 📉
Welcome back to another one of
💡“Mike’s Ideas”.💡
I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy”. Follow for more ideas in the future!!
I have 4 levels marked and colour coded on the Chart.
These levels are:
⚪ White = Entry Point
🔴 Red =...
Disney - 30d expiry - We look to Buy at 100.22 (stop at 96.86)
Previous resistance at 100 now becomes support.
Trading close to the psychological 100 level.
We look to buy dips.
Short term momentum is bullish.
We look for a temporary move lower.
Bespoke support is located at 100.
Support could prove difficult to breakdown.
Our profit targets will be...
The stock is looking better and seems to have found support in the $95 zone.
Any pullbacks towards this zone could offer a decent entry to target $125-$130 initially.
A break below swing lows would be viewed as bearish.
given spx weakness and dollar strength. would like to see disney fill some gaps here.
bottom of our wave 2 box would fill the $87 gap we left behind and confirm a bottom.
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on MONTHLY: Left Chart
DIS is sitting around a strong support in green 85.0 - 95.0. For the bulls to take over long-term, we need a break above the blue resistance 120.0
Meanwhile, since we are around a support zone , we will be looking for buy setups on lower timeframes.
🏹...
The momentum feels Down.
This is in a Descending triangle and this is a neutral pattern.
Price has not reached short entry level. I listed 2 entry levels as price has broken this triangle before and support kicked in.
No recommendation.
The awesome oscillator is a technical indicator that is used within the financial markets to confirm or disprove trends on...
Daily RSI divergence
Support Line
Earning 11/08/2022 reported 0.3
Entry 92
Stop 86
Target 106, 125
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
