Walt Disney tries to recover some losses - Analysis - 19-05-2017

Walt Disney's stock (DIS) rose in the intraday levels, scoring a profit of 0.35% in the last session, or 0.37 points, while trying to recover some past losses, and vent off the oversold saturation in relative power indicators, amid negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, especially if it settled back below the support of 106.25, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the short term (from 90.32 to 116.10).