Walt Disney dips within ascending price channel - Analysis - 26-12-2017

Walt Disney's stock (DIS) fell in the intraday levels, registering a loss of 0.82% in the last session, or 0.90 points, while trading within an ascending price channel that guided recent trading, with positive pressure from the 50-period SMA in the intraday levels. 

Therefore we expect the stock to return higher, provided the support of 107.84 holds on, targeting the resistance of 112.39.