This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
I decided to close all my NAKED PUT trades instead of Hedging with $SPY, the reason to that is the move tomorrow can offset my HEDGE if goes against me, even with Beta Weight Portfolio.
So in this case I will reestablish all positions once we are over with the uncertainty, and that's until FOMC (Wednesday 2:00pm).
New Trade $DIS
Naked Put
Strike $75
Premium $0.43 x 3 contract = $129.00
Adding to the previous contracts at the same Strike 75 for a total credit of $563.00
Price is playing out as analyzed last week. Price bounced off the fair value gap at 96.32 and right now, it seems that price will be heading towards the bearish POI at 108.84.
rising cycle 15.12% 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...
Earnings are after market close.
It does not look like analysts are expecting a lot but you never know.
Neutral pattern until broken.
Wide channel down with a horizontal support line at the bottom of the triangle.
No recommendation.
Upcoming Quarter's Earnings
Announce Date
11/8/2022 (Post-Market)
EPS Normalized Estimate
$0.56
EPS GAAP Estimate
$0.35
Revenue...
Price played out nicely as analyzed last week. Price filled the fair value gap at 96.32 and bounced off it. From here, I'm expecting price to continue higher to mitigate the last bearish POI of this leg down at 108.84 before continuing lower.
Newly, reinstated CEO Bob Iger moved quickly to announce restructuring plans for the company. Iger is said to have already began to undo a corporate structure put in place by his hand-picked successor. Iger said the restructuring would result in changes to Disney Media & Entertainment Distribution, a unit former CEO Bob Chapek formed in October 2020 to centralize...
Price respected the bearish POI at 98.11 and did not manage to close above the opening price despite high volume. I'm expecting price to go lower and fill the fair value gap at 96.32 before we see where do price wants to go from there.
Disney already dropped over 50%, while SPY currently is about 20% down (I’m rounding it here). Monthly charts obviously shows support around $90, which price tested multiple times over the last 7 years. Once that support is broken, AT MINIMUM I expect another 50% decline. That would be a price target of $45, round top back to 1998, 2000 and 2011 highs.
Jim...
Price played out as analyzed last week. Price filled the fair value gap and is heading toward the bearish POI at 98.11. I'm expecting a continuation lower or a consolidation at this level.
Walt Disney - 30d expiry - We look to Buy a break of 102.11 (stop at 97.88)
We are trading at oversold extremes.
A break of the recent high at 101.50 should result in a further move higher.
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least...
