Disney gathers positive momentum - Analysis - 11-01-2021

Disney's stock (DIS) fell 0.78% in the last session, leaning on the support of the 50-day SMA, while gathering positive momentum to help it rise anew, with positive signals from the RSI after reaching oversold levels, settling at 156.60.

Therefore we expect the stock to return higher, targeting the resistance of 164.00, provided it holds above 154.75.

Expected trend for today: Bullish