My answer for the topic is yes.
Disney has broken above the downtrend line, and formed a bullish head-shoulders reversal pattern, exactly repeating the previous price action in Oct 2023.
Now it moves in a bullish channel.
personally, in a short-term, I will take the nearest resistance level (high volume area) as the target for this rally.
what's your opinion?
Lets get into it! I got a hand full of stocks to keep your eyes on for the week ending 10/4/24. The airlines like #AAL continue to show us that our TA was spot on. Get yourself a warm cup of coffee and soak up this knowledge as we breakdown #SPY #DIS #QQQ #google #intc #MSFT and many more hot #stocks!
NYSE:DIS has recovered and is finally showing signs of a bottom. Needs to flip this resistance again, which I think it will.
Target is the top of the channel / ATH.
We love mickey mouse again.
Disney filled the gap today from early August. Tweezer reversal on the 4-hr candles with a brief breakout of its down trend channel. Possible breakout to $92 first target and $95 second target if it can break and hold $89 but a great short opportunity below $88 that can see a downtrend continuation if it fails to breakout.
Looks like the moment of truth for Mickey & Co.
I have been covering this one for a long time, with numerous mentions that Disney is a sell / short.
How low this thing will go, we do not know. Right now I am comfortable saying, -50% is probable.
While there are many factors in play, the broader economy is weak and Disney has done nothing but push people away...
Disney ( NYSE:DIS ) is about to retest strong support:
Click chart above to see the detailed analysis👆🏻
Even though Disney has been consolidating for about 10 years now, it is still providing bullish trading setups. Especially the current horizontal support has been holding Disney above water and it is more than likely that Disney will create another...
Technical Confluences:
- Price action has bounced off the Demand Zone and a Short-Term Trendline
- Price action seems to be strongly supported at these levels for now
- Few Interest Zones above the current price action and will need to see a proper break above that to go above the 100% Fibo Extension
Fundamental Confluences:
- Disney has a strong moat in the...
Trading at 30% below estimate of its fair value
Earnings are forecast to grow 21% per year
Earnings grew by 108% over the past year
Analysts in good agreement that stock price will rise by 29%
Disney Announces Massive Theme Parks, Cruise Expansion at D23
Notably, the company has committed to invest a cool $60 billion in its parks over the next decade as it...
The Walt Disney Co NYSE:DIS is wrapped up in bad press and is predicting a future decline in theme park revenue (recession red flag...). However, the company has historically had tricks up its sleeve to return to prominence in an ever-changing entertainment environment (last was streaming). The potential of AI and robotic technology benefiting Disney is huge....
Disney has been experiencing mixed results in its recent earnings, reflecting both strong progress in streaming profitability and ongoing challenges in its theme park operations. The stock is now approaching a crucial zone between $80 to $90, which is a point of interest for potential reversal. Here's a breakdown of possible scenarios:
Bullish Scenario :
If...
Walt Disney Co. (NYSE: NYSE:DIS ) recently reported mixed results for its fiscal third quarter, revealing a challenging landscape ahead. While the company achieved significant milestones in its streaming services, the theme park business faces headwinds that could impact future profitability.
Key Financial Highlights
- Earnings per share (EPS): $1.39, beating...
The Walt Disney Company is reportedly exploring options to sell or find a joint venture partner for its India digital and TV business, reflecting the company's ongoing strategic evaluation of its operations in the region. The talks are still in the early stages, with no specific buyer or partner identified yet. The outcome and direction of the process remain...
I would love to see this company get #REKT
It is a net negative on western society and our children.
Went Woke now growing Broke.
Any serious scandals that emerge regarding child abuse , trafficking, could send this company to the brink ... let's hope hey.
NYSE:DIS is compelling. Has been stuck in this channel dating all the way back to 2014. Hard to imagine that if you invested around 2014-2015, you're likely still sitting around your cost basis, but I guess that will happen when you have zero direction.
Broke through it's previous resistance ~ $100 after previous earnings and is down big today after a major...
On the Disney chart, bulls and bears are currently engaged in a trial of strength within our magenta Target Zone (between $101.24 and $88.36). The price has already tested the 61.80% retracement once, but has since remained above this level. Primarily, we expect further sell-offs and, accordingly, a lower low of the magenta wave (2) in our Target Zone. Once this...
It's been a while since we last checked on Disney. We hit our target for Wave A, getting close to $126. Now, we are working on Wave B, which we think will finish between $96 and $89. This range matches the 61.8% to 78.6% Fibonacci retracement levels, suggesting a Zig-Zag correction.
Current Situation:
Regarding the future outlook, we are looking at $156 to...
I felt the need to look into this particular stock since they're not only burning through cash, but they're also losing it by loyal customers jumping ship.
My analysis is hopeful thinking, but anything is possible nowadays. 🤷🏿♂️
