Disney pares losses - Analysis - 02-03-2020

Disney's stock declined 0.33% in the last session after plumbing a session-low at 118.30 and bouncing off it higher, amid the dominance of the downward correctional short-term trend, 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 107.30. 

Expected trend for today: Bearish