Walt Disney returns higher - Analysis - 18-01-2018

Walt Disney's stock (DIS) returned higher in the intraday levels, scoring a profit of 1.16% in the last session, or 1.28 points, while trading within an ascending price channel that limited recent short-term trading, with positive pressure from the 50-period SMA in the intraday levels, tackling anew the important resistance of 112.39, with positive signals from the RSI. 

Therefore we expect more gains for the stock, especially if the resistance of 112.39 was breached, targeting the next one at 116.10.