NYSE:DIS -Walt Disney could dive further after breaking $111
It looks like the DIS broke out of a major support zone located near $111.
On the 4 hour chart we can expect a deeper correction as a swing trade.
If we also consider the daily time frame a major resistance zone was already tested. This zone is dating back in August 2022 thus adding more value to...
This video goes into depth on the types of market structures and how they happen. Ranging -> Breakout (Spike) -> Channel (trend or a ranging trend) -> Climax. The market moves in these repeatable patterns over and over and over again. If you can diagnose where we are in these cycles then you can harness this skill to improve your trading.
I can see Disney pulling back to support (upper line of parallel channel) creating confluence with the .236 fib.
Wouldn't play this short but would 100% take a long at around that price range ($88-$90).
In the annals of financial lore, few sagas are as captivating as the rollercoaster ride of Disney's stock. From the dizzying heights of its peak to the depths of its nadir, the House of Mouse has seen it all. Yet, just as a phoenix rises from the ashes, so too has Disney experienced a remarkable resurgence in recent times. But amidst the euphoria of its stock's...
The bearish short term shift from the high indicates this pullback is more meaningful and likely to be a larger degree wave two pullback with targets in the 101 zone.
NYSE:DIS I have taken a long position here as DIS seems to be holding the 50 DMA (red). My stop is nearby, just below the low on April 16th. This is a very early entry as it is below the 8 and 21 EMA but just reclaimed the 5 DMA (white).
The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading...
DISNEY NYSE:DIS | DISNEY DESCENDING TRIANGLE PATTERN - Apr. 11, 2024
BUY/LONG ZONE (GREEN): $118.50 - $123.00
DO NOT TRADE/DNT ZONE (WHITE): $116.50 - $118.50
SELL/SHORT ZONE (RED): $112.00 - $116.50
Weekly: Bullish
Daily: DNT
4H: Bearish
A week ago NYSE:DIS broke its bullish trend on the 4H and lower timeframes. The Weekly timeframe still holds the bullish...
We see rounding capitulation, possibly signalling the first 1/3rd of a cup and handle.
If we look in the bottom volume pane we see the point of engulphment; see X (circled blue)
STATEMENTS//
*DISNEY 1Q REV. $23.55B, EST. $23.8B ( MISS ❌ )
*DISNEY 1Q ADJ EPS $1.22, EST. 99C ( BEAT ✅ )
*DISNEY 1Q DISNEY+ SUBSCRIBERS 149.6M, EST. 151.2M ( MISS ❌ )
*DISNEY SEES...
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Last week's huge reversal candle most likely ended the bull run that started in January. There is a chance that proce will move sideways in a range for a few days and then make another peak above $124, but still it will be a 3 waves moves. So what does that put the current price action relative to the overall correction? Well, that depends on how the next 2-3...
Disney is showing potential signs of a stronger pullback, possible reversal. Much of the market is looking the same way at the moment. I don't like any trade right now for the stocks that look like this. I think we need more data to decide a swing direction.
Potential! 118 PUT
Double Top Pattern on the 2-hour Hour Time Frame
Break and Retest on the 15-minute time frame
Price has to feel gap below, at least eventually
Expecting Price to reach $118.00 Let's see:)
A Victory for Bob Iger's Leadership
In a high-stakes proxy battle that gripped Wall Street, Walt Disney Co. ( NYSE:DIS ) has emerged victorious over Nelson Peltz's Trian Fund Management, signaling a significant win for CEO Bob Iger and the company's strategic direction.
Months of intense campaigning and maneuvering culminated in a decisive victory for Disney (...
I'm projecting Disney to rise a bit thanks to the saucer that was seen a few months ago as well as the MACD trend. The biggest obstacle to this play would be an unwelcome surprise from all the turbulence with the board. Projected to go to $137 if all goes according to plan but wouldn't be surprised to see this hit $142
The Walt Disney Company is venturing into new territories with its Disney+ platform by enhancing its advertising business through strategic partnerships with key entities in the advertising industry. This initiative is expected to unlock a significant revenue stream for Disney, offering a subscription model that is more accessible to price-sensitive customers...
Walt Disney took a big monthly liquidity before reacting and even breaking the structure in monthly timeframe, I'm expecting the price now to pull back in my demand zone in grey or just to consolidate before reaching new highs.
I will partially invest here and put another ticket if back on grey zone.
