Disney reaches strong resistance - Analysis - 29-09-2020
Economies.com
2020-09-29 10:44AM UTC
Disney's stock rose 1.6% in the last session amid resistance from the 50-day SMA, with positive signals from the RSI, while venting off oversold saturation from the RSI, while hurt by piercing the upward trend line recently.
Therefore we expect the stock to return lower, targeting the support of 112.57, provided the resistance of 127.48 holds on.
Expected trend for today: Bearish
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