Disney trims gains - Analysis - 02-07-2020

Economies.com
2020-07-02 12:33PM UTC

Disney's stock rose 1.35% in the last session after touching the resistance of the 50-day SMA, while venting off oversold saturation in the RSI with positive signals coming out of them, while hurt by piercing the upward correctional trend line recently. 

 

Therefore we expect the stock to return lower, targeting the first support at 108.04, provided the resistance of 114.27 holds on. 

 

Expected trend for today: Bearish 

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