Disney in a free fall - Analysis - 02-12-2021

Economies.com
2021-12-02 11:08AM UTC

Disney's stock (DIS) tumbled 1.9% in the last session, settling at 142.15, amid the dominance of the downward correctional trend in the medium term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.

 

Therefore we expect more losses for the stock, targeting the support of 134.10, provided it settles below 142.42.

 

Expected trend for today: Bearish

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