Daily 4XSetUps - DIS Quarterly Figures Were Convincing

2024/11/15
Daily 4XSetUps - DIS Quarterly Figures Were Convincing
“these quarterly figures were also convincing, like the last one!
was this the turning point? which we expected last time? finally?”



The entertainment company DIS published its quarterly figures on Thursday. Accordingly, the company's sales rose from $21.20 billion to $22.60 billion in the fourth quarter. This results in full-year sales of $91.4 billion. The company was able to increase earnings per share from $1.29 in the previous year to $4.95 for 2024. The company received tailwind particularly in the streaming business and in the cinema division with films such as “Inside Out 2” and “Deadpool & Wolverine”. The theme park and cruise business remained financially within the company's expectations. As part of the quarterly report, DIS also announced that it would buy back shares worth three billion US dollars. The market reacted positively to the announcements. On the NYSE yesterday, DIS shares temporarily traded +6.24% higher before the price action closed at $109.12.

Which was also the mainly big reason
why I decided to formulate a long NYSE:DIS 4XSetUp again.
Because the fact that DIS was able to increase earnings per share from $1.29 in the previous year to $4.95 for 2024 justifies the gap in the price action. And should hopefully also bring with it the fundamental ground that the share will not be sent below $100 again by traders and/or investors.

“”Listening to uninformed people is worse than having no answers at all.”
Ray Dalio

2023/11/08 : Earnings Bullish Surprise & Revenue Bearish Surprise
2024/02/07 : Earnings Bullish Surprise & Revenue Bearish Surprise
2024/05/07 : Earnings Bullish Surprise & Revenue Bearish Surprise
2024/08/07 : Earnings Bullish Surprise & Revenue Bullish Surprise
2024/11/14 . Earnings Bullish Surprise & Revenue Bullish Surprise
Without going into further detail about the published figures at this point, it goes without saying what I mean by fundamental support in relation to the price action of the DIS share! Ins`t it? Yes - because the lowest price action, at 83.91, was on August 8, 2024. On the day of the latest quarterly results - those excluded from Thursday. And that because in both cases profits and/or sales were better than most people thought. That`s why, this time the bears will hopefully not only run out of strength but also loose all the arguments to send the price action back below $100.

$115.08 : 2024/11/15 - last price action
$114.15 : 2024/05/06 - Bearish GAP High Trendline
$108.40 : 2024/11/14 - Bullish GAP High Trendline
$107.88 : 2024/05/07 - Bearish GAP Low Trendline
$106.80 : 2024/02/08 - Bullish GAP High Trendline
$103.20 : 2024/11/13 - Bullish GAP Low Trendline
$099.28 : 2024/02/07 - Bullish GAP Low Trendline
$087.60 : 2023/09/11 - Bullish GAP High Trendline
$084.92 : 2023/08/11 - Bullish GAP Low Trendline
In addition to the fundamental figures, what was also crucial was the fact that the last bullish GAP, according to the numbers, was more or less slightly in the only bearish GAP back up again. Therefore, the bulls seem to have gained an appetite - and are currently fighting against the bears for the terrain between $107.88 & $114.15. In addition to the fact that the last bullish GAP, from §99.28 to §106.80, was recaptured upwards over the course of the week, what is also relevant is the fact that this week's bullish GAP in the middle, from $103.20 to $108.40, was also clearly left behind during the week of last quarterly figures publication. So we can speak of a fundamental cushion that the bears will hopefully not be able to get enough of. Which is why I set the stop price again at $100. And we do this in the hope that this time we will reach the target of $130 by the end of June 2025.

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$130.00 : 2025/06/30 - Target Price
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$115.08 : 2024/11/15 - last price action
$109.12 : 2024/11/14 - Entry Price
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$100.00 : 2025/06/30 - Stop Price
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With best wishes
and with good intentions!
Aaron



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