$DIS TOP 20
Added 2024-11-14 12:46:09 +0000 UTC$DIS is up +10% now nearly in the PM after reporting a double beat on earnings this morning:
'The entertainment giant reported a 6% increase in revenue for the quarter, reaching $22.6 billion, up from $21.2 billion in the same period last year. This beat the Wall Street consensus of $22.35 billion by a narrow margin.
The diluted earnings per share (EPS) rose significantly by 79% to $0.25, while the annual EPS more than doubled to $2.72, beating the street estimates by 3.64%.
The direct-to-consumer (DTC) segment reported a 14% rise in ad revenue, contributing to $253 million in operating income. Disney+ Core and Hulu subscriptions reached 174 million, with Disney+ Core paid subscribers increasing by 4.4 million.'
Wave 5 is now gone above the 2.618 Fib and looks like it can test the next higher Fib level at 3.618 Fib at $115.
This is a far cry from $84 in August.
ABC correction is next once Wave 5 tops I believe.
Comments
Yeah that explains-appreciate it!
Kad
2024-11-14 12:59:44 +0000 UTCYeah the bull flag was enough to complete Wave 4, we are seeing that a lot lately, likely brought on by very positive sentiment in the market....so that would be correct
Gareth Neary
2024-11-14 12:58:58 +0000 UTCThanks for the update Cap! I was expecting a pull back to 93$ to catch an entry here for Wave 5, but seems like i have passed it.. so waiting for the correction as next opportunity. But such a move today (jumping directly to wave5) is most likely caused by the current euphoria atmosphere, right ?
Kad
2024-11-14 12:57:40 +0000 UTC
