DISNEY: Looks bullish to me. Longer term they appears to be much more upside possible. My personal stop is close < 169. But process your way.
Take care. Have a great up coming weekend.
WDP trade ideas
DIS rebound from bullish pattern ,above cloud should run.DIS rebound from bullish pattern ,above cloud should run.
Disney Even Higher Hello Traders
We can see Disneys price pulling up against the trend line every time the price is near.
Im looking Bullish until we reach upper Resistance Price 185 can be set as our first Target.
$DIS - Trying to break free (invalidate) from head & shoulderTrying to invalidate or break free from head & shoulder.
Neckline - $166 - $167
Break above, $186 is bullish
Break below $166 is bearish and it could lead to $156.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
DIS 5 wave upDisnet 5 wave up expect to 3 wave pullback arround fib 50-61.8 and then contonue bullish
Breakout- watching closelyWatching DIS closely here and looking for a breakout-
- Starting to break above a long-term downtrend and forming somewhat of a triangle
- Bollinger Bands squeezing (not pictured)
- Falling wedge on shorter timeframes (not pictured)
- Buyer volume starting to pick up
- Earnings on 8/10'
DIS flagging Setting up well with 20 MA golden cross 50 MA. Need to break above 186 level for confirmation
DIS (weekly) Here is DIS long-term count starting in march low with some important levels and gaps. DIS bounced recently near 200 daily MA, could be potentially the end of the corrective cycle. MACD curling back up and RSI over the neutral level are also good news.
I would like a break of 190 to confirm it or this could only be the B wave of the corrective cycle meaning that we can see a potential gap fill below 170, would also confirm that we are currently forming the right shoulder of the Head and shoulders pattern.
DIS is a good company to have in your long-term portfolio, always on the shopping list.
Disney SHORTCombination of technical and fundamental analysis.
Bounced off several Gann fan lines which are forming the resistance and support points, further supported by the trend-based fib extension. Key point to break to the downside will be the 0.5 fib level which coincides with the 8/1 Gann fan at around $179.05. The RSI is also around the overbought levels on the 4H timeframe.
My fundamental thoughts are short term bearish as SPY comes off ATH and inflation reported higher than expected so we may see a temporary rotation out of growth into value which will directly impact Disney. However, I do expect anticipation of sustained reflation to be short-lived hence why this trade is not a long-term position.
Ultimately, this swing trade will have a tight stop loss of 5% with a price target of $173.
Long DISNEYNumber of coronavirus cases are going down and people are getting vaccinated. People are dying to live life again and families will be enjoying Disney Theme parks. Also, Cinema with Disney films.
Held 200 EMA on Daily Chart .
Price target $200
