DIS trade ideas
Walt DisneyChart pattern: Bull Flag
Entry: 178.87$
Stop: 1173.52$
Target: 187.44$
Risk/Reward-Ratio: > 1.5:1
Stopmanagement: Parabolic SAR daily chart default settings
DIS In normal conditions do you think this would be a good Short Opportunity? reply in chat if you think so. or will the 4hr Save the day with a potential Bullish Bat at the neck line?
Not financial advise. for entertainment only.
$DIS: Will the weekly head and shoulders push lower?The Dow has been lagging on the recent rally and despite the parks moving to no mask mandate, $DIS is still having trouble. Will this trap shorts or will we see follow through to the downside?
DIS LONG EARNINGS Bounce on the trend line with a nice green bar. We also see strenth on the market AMEX:SPY possible recovery on the uptrend .
DIS - LongDIS made its way to my 'Do Not Touch" list for 6-8 weeks after its sell-off when it was in the $200s, but finally looks poised to break the downtrend this week. Will look for an entry on a break and hold the the yellow trendline above $179.50. Must hold. If it can not hold, I will look for it to head back down the the demand zone.
Long DisLong above 177.54
T1: 1779.43
T2: 184.15
T3: 192.87
T4: 201.25
Stop: 4hr candle close below 169.16
DIS ShortNice H&S formation on DIS now. Could lead to a nice drop if it breaks the support in yellow.
Seeing a few nice H&S patterns in bigger names that have been leading the overall market higher during the last year or so, right as the Fed announces planned slowdown in QE.
Still bullish on many names with nice bases but seeing some topping signals in some big high-moving stocks from the last year or so.
*Not financial advice -- opinion only*
$DIS 28%+ of revenue via digital media. 2-3X any other sources.$DIS Area of contention. Short and long-term convergence. Expecting a long-term bullish continuation. 2 currently released Disney+ Premier movies released. 2 more coming during the summer. 28%+ of their revenue generated via digital media. Nearly 2-3X any other source of revenue.
