Disney tries to vent off oversold saturation - Analysis - 04-10-2021

Economies.com
2021-10-04 11:41AM UTC

Disney's stock (DIS) rose 4.04% in the last session amid attempts to vent off oversold saturation in the RSI amid positive signals out of it, with the dominance of the downward correctional short-term trend, coupled with negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the pivotal support of 167.10, provided the resistance of 175.65 holds on.

 

Expected trend for today: Bearish 

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