Disney turns losses into profit - Analysis - 25-01-2022

Disney's stock (DIS) fell 0.06% in the last session, plumbing 129.26, settling thereafter at 137.46, while trying to recoup some recent losses and vent off oversold saturation in the RSI, amid the dominance of the downward correctional medium-term trend, with negative pressure from the 50-day SMA.

Therefore we expect more losses for the stock, targeting the support of 127.60, provided it settles below the resistance of 142.00.

Expected trend for today: Bearish