Disney looks nasty. It broke down its donward sloping trend channel. Now has restested it. If it fails to re-enter the channel then 127$ is the next target and where you take profit. That also makes a gap-fill. That also coinsides with fib 0.618 from the top. 127$ should be magnetic. SL over fib 50 at ~156$.
If we get continuation on all these non-COVID plays, DIS is ready to return to something closer to the $180's, maybe not all the way there until 2022 sometime...
I can tell we are soon will face a great reversal in DIS unless the market decide otherwise.
I have two scenarios marked in white and yellow both are bullish but am expected second gap to be closed.
Here is a semi revised count for the house of mouse.
From covid lows, there is a pretty clean 5 wave move in progress, and wave 3 can be subdivided into 5 waves as well. There is a potential 20% move (3.73:1 RR) here with a stop below the 50% fib at 139. The daily RSI is still oversold and macd is curling up. Both could still reverse however if market continues...
The PEAD projected a Neutral outlook for $DIS after a Negative Under reaction following its earnings release placing the stock in drift D.
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Walt Disney World has temporarily stopped selling most annual passes less than two months after reviving the program following a pandemic-related pause.
Of the four types of annual passes that theme-park visitors can purchase at Walt Disney World, the three most expensive options are now listed as currently unavailable but are expected to return at some point...
These analyst opinion is something to consider nothing more nothing less, don't you go relying on it or making your investments solely on it.
-Based on 23 Wall Street analysts offering 12 month price targets for Walt Disney in the last 3 months. The average price target is $205.43 with a high forecast of $263.00 and a low forecast of $172.00. The average price...
The major trend line dates back since 2009. stock looks like it has continuing to sell off. Will not buy at current level. Wait for $96 aas it sits on major supports and trend line. With the COVID uncertainty, It looks like fundamentally, leisure stocks like Disney will continue to sell off.
DIS has been on a rough down trend and needs to break the 2 hour trend line to reverse course. I am bearish until then and if it fails to hold i see $140 in the near future.
We should see some sort of price action here, breaking this channel down is not good like not good
at all. If this is an ABC then this is the perfect place for a C wave to end !!!
Disney+, as of Oct 2, 2021, had 118.1 million paid subscribers, rising 60% from the year-ago quarter. The average monthly revenue per paid subscriber for Disney+ was $4.12, decreasing 9% year over year due to a higher mix of Disney+ Hotstar subscribers in the current quarter than the prior-year quarter.
Bull Case: ABC, Currently oversold (1D, 4hrs). Psychological Level should act as support (150).
Bear Case: WXYXZ, Expecting to try to fill the gap to 170 before any pullback, Bull gap in 128-134 range can potentially be filled.
DIS. Two possible levels of support. That AVWAP + Volume node/.618 retracement seems like a likely area of support. It it fails that level, I don't see it going lower than a 100% retracement/POC.
