0QZO trade ideas
DIS - Breakout Falling Trend Channel- DIS has broken through the ceiling of a falling trend channel in the medium long term.
- This indicates a slower falling rate initially, or the start of a more horizontal development.
- An inverse head and shoulders formation is under development.
- A decisive break of the resistance at 119, ideally with an increase in volume, signals a further rise.
- The stock has broken up through resistance at 100.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
ABC/DEarnings May 10th AMC.
Targets may depend on earnings release and appear some analysts are negative.
Stop under C. Target is D.
Appears to be consolidating which often leads to a break up or a break down in the near future.
No recommendation.
52 Week Range
84.07
126.48
Day Range
96.71
99.78
EPS (FWD)
4.17
PE (FWD)
23.16
Div Rate (TTM)
-
Yield (TTM)
-
Short Interest
1.05%
Market Cap
$176.49B
Volume
4,864,911
DIS at an interesting junctureConsolidating for the last few weeks in an increasingly tight range between the weekly 20 (yellow) and 50 (green) moving averages.
Bullish on an upside break and flip of the 50 as support
Bearish on a break of the 20 and retest as new resistance.
Note this is all occurring in a weekly timeframe inverse head and shoulders . I am inclined to lean in to a bullish bias.
No position yet but I'll be looking to start a swing trading position at the 20 weekly moving average (low to mid 98s) this week with a stop loss at 97.
Position to be posted upon entry.
Have a great week.
Disney Short positionOn the chart we can see that the price broke down of the rising channel. It looks like the upsloping support has already failed, therefore we expect that the price go lower.
You can enter the short position now as the support failed.
Target is shown on the chart.
Invalidation of this thesis would be if the price comes back above upsloping support line.
$DIS: Wedge Breakout & $NFLX Earnings ImpactNYSE:DIS is currently inside a wedge pattern on the weekly chart, making it difficult to predict the next move. However, we can look for clues from two key factors: the 200MA and the upcoming NASDAQ:NFLX earnings report.
If NYSE:DIS breaks above the wedge, surpasses the 200MA, and NASDAQ:NFLX delivers impressive earnings along with strong subscriber numbers and guidance, we can anticipate a move towards filling the bear gap up to $105.
On the other hand, if NYSE:DIS closes below the breakout point and NASDAQ:NFLX underperforms, we might see a move downwards, filling the bull gap down to the $96.87 support level.
Keep a close eye on these factors to determine the most likely direction for NYSE:DIS in the coming days. Happy trading!
DIS is it?!Disney looking to break out of its daily bull flag. The $100 resistance has been rejected for the previous 5 days. If today DIS can close above $100 I believe we can see a move back to $107. I have opened some DIS 4/23 104 Calls as well as longing DIS on gains network (polygon). My stop loss will be roughly 97.5 with PT of 107 with scale out's along the way.
DIS (Walt Disney) | Bearish Butterfly Harmonic Reversal PatterWe have observed Bearish Harmonic Reversal Pattern. We will take entry of Sell stop because the price has reversed from the Potential reversal Zone (PRZ) and there is a confirmation of bearish divergence on RSI and a new bearish trend is forming with LL and LHs.
Walt Disney: Is Disney Stock Worth Buying Now?Walt Disney's Stock: A Look at its Recent Challenges and Future Prospects under New CEO Bob Iger
With a market capitalization of around $170 billion, Walt Disney is one of the largest entertainment companies globally. However, with its stock price down over 30 percent from last year, investors may be questioning the value of the company's stock.
After Bob Iger's departure as CEO in February 2020, Bob Chapek took over and pledged to continue Iger's successful path. However, Chapek faced many difficulties, leading to his departure in November 2022 and Iger's return to the CEO role.
Iger made key personnel changes and promised to streamline costs and give creative teams more decision-making authority. Under Chapek's watch, Disney+ saw exponential growth, with 164.2 million subscribers worldwide. Still, it wasn't profitable, and subscriber growth became increasingly difficult in recent quarters, leading to criticism from activist investor Nelson Peltz.
Disney lost 2.4 million Disney+ customers in the first quarter of fiscal year 2023, the first case of a shrinking subscriber base, prompting Iger to announce a plan to find $5.5 billion in savings in the coming years, including cutting $3 billion from the company's content division.
While Peltz withdrew his proxy challenge after Iger's announcement, some analysts are concerned that Disney's decision to cut content spending could jeopardize future revenue growth, especially as the company plans to appoint a new CEO by early 2025. The company has invested heavily in Disney+, spending around $33 billion in the last fiscal year, and some investors may worry about future growth.
However, the company still boasts a strong park business, with $7.4 billion in revenue in the first quarter, up from $5.5 billion in the previous quarter, and a diverse range of other assets. With Iger back at the helm, investors will be eagerly watching to see what steps the company takes next to address its streaming ambitions and navigate the challenging entertainment industry landscape.