Disney returns lower - Analysis - 28-12-2021

Disney's stock (DIS) returned lower with a 0.54% loss, settling at 152.80, amid negative pressure from the 50-day SMA, with the dominance of the downward correctional short-term trend, with negative signals from the RSI after reaching overbought levels. 

Therefore we expect more losses for the stock, targeting the support at 142.00, provided the resistance of 157.40 holds on.

Expected trend for today: Bearish