NYSE:DIS There is a good chance that Disney could break out of the flag it's been trading inside. My analysis and targets from Dec 14, 2023, remain unchanged.
The stock needs to get above $96 resistance for a chance for further upside.
A golden cross, MACD bullish crossing, RSI positive turn all support the bullish momentum behind the stock, suggesting a...
DIS already touched a montly support at around 80% with signals of a RSI divergence as well as an descending channel which helped to confirm the potential reversal.
Buy and hold, targeting 117$ (+30% upside return)
Price consolidated since my last analysis. Price rallied with increased volume, followed by a relatively equal bearish candle of a lower volume. There is a higher probability of price continuing lower, potentially into my target of 86.26 next.
The entertainment industry giant, NYSE:DIS , has recently been the talk of the town with many interesting developments. It appears that the stock has already been priced in and is currently at its lowest point. This could be an excellent opportunity for investors to seize the moment and invest in a company with a proven track record of success. Don't miss out on...
Price consolidated since my last 2 analysis, slowly playing out to my expectations. I'm expecting price to make a bearish retracement into the fair value gap at 86.26 before we see any move to the upside, following the bullish order flow.
Thank you as always for watching my analysis. In this video I will explain why I think DIS would be a good swing trade! Remember only risk what you are willing to lose! This is just my opinion and not financial advice!
The Walt Disney Company ( NYSE:DIS ) has recently faced headwinds, witnessing a dip to its lowest level since 2014. However, astute investors may find silver linings in the company's transformative journey under the leadership of CEO Bob Iger, setting the stage for a potential resurgence. This idea delves into Disney's recent struggles, the strategic initiatives...
Taking a look at the weekly chart, Disney is beginning to show signs of a bottom with the RSI divergence dictation along with strong bullish impulse off these lows.
With that said, stocks to tend to underperform in January and I'm expecting to see similar follow through with DIS which is why my bullish target of 110 is set for April 1
Trade Safe - Trade Well
I'm hopeful that others are observing the pattern emerging on NYSE:DIS . For the direct shares, I intend to maintain a strict stop. Regarding potential options trading, my strategy involves purchasing contracts with varying price targets (93, 95, 96), all set three weeks out.
Price playing out slowly as analyzed last week. My expectations remain unchanged, I'm expecting price to continue lower to fill the FVG at 86.26 as the next target before potentially continuing with the bullish order flow.
Disney is one of the few legacy media companies that still has more room to fall.
From an Elliot wave perspective, This looks like an ABC correction forming after completion of a 5th wave.
Structure wise, this would also form a macro head and shoulders.
The measured move from the head to the neckline would place the bottom of the corrective wave (c) around the...
