Going into earnings, chart doesn't look good. Whatever DIS earnings would do, i guess it may get sold off, before eventually going up.
First target would be $153
DIS | 29 Oct 2021 |Long
Green box and up box determined by ATR. at the moment the ATR or volatility in currency is low. In my option, DIS's volatility will be increase, it will be bounce up or filling the gap. It is more like to bounce up as I think uptrend in SPX and DJI will continue. I set up Take profit and Stop-loss in for both case.
Entry: 169.68
TP:...
DIS, dumped due to the delay of their new movie lineup. Currently sitting on a support. If it breaks $168.21 then we visit $161. MACD looks primed to cross over, Stochastic is low, however RSI still has room to go down. Would like to see how it opens on monday.
DIS has a great setup, gigantic bull pennant and multiple touches on trendline. Extremely undervalued, not sure why it is even sitting at these levels but I'll take it. Loading 11/19 calls HEAVY. $210+ price target in 1-2 months.
Tested previously twice EMA200 and support line.
Third time went back to consolidation area but without power (MACD and signal line well below 0).
Confirmation with strong break below EMA200 with high volume.
Stop loss above EMA200, profit 2x stop loss sum.
Disney been at the bottom of this deadly channel. im a long term holder so im happy to buy at these prices
dividend payments from disNEY stopped coming in since last spring. maybe in 2 years? they will start back up with DIVYYYYS.
some downgrades because id DIS plus subscribers growth but we aint worried. they aren't even expecting to profit on DIS plus till 2024 lol
Will be keeping an eye on disney for a move up from.
Not sure if i will enter because i don’t think disney looks amazing rn with the 200ma over the 50ma.
It has been consolidating in a rectangle channel for a while now and could break bullish. Kinda reminds me of netflix before the move up. (Posted weeks ago on my account).
Bearish wise i do see a descending...
Entry: 170.6
Stop loss:169
Reward/Risk:5.5
Target range: 179.5
Time Frame: 2 wks
Possible gain: 5.42%
Possible loss: 1%
Pozition size: 5% of trading capital
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal...
Labor shortages, increased streaming competition, sub par content as of late. Will value investors step in and save it at 170 or is this a major crossroads in the future of this giant. The bullish case here mostly lies in whether or not inflation will persist. If we see the dollar continue to improve, value names may be on the table which will involve this getting...
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