Since breaking above $100 a few weeks ago DIS has been on my watchlist. The first opportunity to enter was after the first bull flag/retest of the $100 figure - as this showed resistance turning into support.
This may have been a little early to be confident that the gap would hold - but either of the subsequent breakouts offer more solid conviction that the...
With Disney's earnings due on Tuesday 11/3/2014 expected to break records on the back of record breaking performances from the theme parks and studios (Frozen and Guardians of the Galaxy) and trailers of Marvel future releases, Disney is expected to break the 52-week high just recently established on Friday 10/31/2014 thanks to the Halloween treat from the BOJ.
DIS was motoring very nicely towards $93~94 towards the upper channel until about two weeks ago when it broke through a couple of supporting trend lines. A sharp drop on 10/2/2014 of almost $3 saw it hit the lowest of the channels. A break of this support would see it falling all the way to $82.50 or lower. As such, it is imperative that this lowest channel hold...
Price of Disney's stocks holds nicely during this corrective phase showing relative strength. S&P was up 1% on Friday and gain 6 handles on premarket showing some follow through. This stock could be a good candidate when market buying will resume. Entry ans Stop on chart. It is difficul to say what could be potential target as stock hovering near historical...
This is a self explanatory chart above for finding support and resistance to speculate areas where the market may gravitate towards.
When the ichimoku cloud comes to mind, many assume the indicator is specifically for trend trading. Yes, it is true that it is for trend trading but it has several purposes outside of trend trading. It is a classic textbook...
Disney is trading in a uptrend since 2009, and now is a nice time to join it.
Price tested a suport zone and also a bullish trend line.
Price makes also 2 bullish pin bar in last 2 days.
I believe price will continue move up in next weeks/months.
I believe in Disney's growth in China.
I would suggest to hold if you bought it before but to buy if you are a growth investor. China is a great market. If you didn't buy the stock yet. Don't worry septmember revenue wasn't released yet and it will probably not be as good as in June there will be buying oportunities. Disney has a high P/E 20.90 vs 18.80 Industry...
You see the range. 4th attempt at breaking 67.50. First red candle. MACD showing signs of weakness when you compare the peaks relative to the highs. Place the stop at 68 and see what happens.
HAPPY TRADING!
The red multi-pivot line has been tested 3 times. This shows strong resistant strength. Note that the MPL is downsloping as prices fail to establish a higher high or high pivots.
The lower parallel to the MPL serves as support as it guides price towards a major confluence area with the upsloping ML.
Overall major tend is up so expect some strong reaction...
