Disney gives in to negative pressure - Analysis - 12-05-2021

Disney's stock (DIS) fell 1.43% in the last session amid negative signals from the RSI, while trading below the 50-day SMA, with the dominance of the downward correctional short-term wave, while hurt by piercing the upside trend line recently. 

Therefore we expect more losses for the stock, targeting the first support at 173.00, provided the support of 180.90 was breached. 

Expected trend for today: Bearish