Walt Disney's stock (DIS) rose anew in the intraday levels, scoring a profit of 0.71% in the last session, or 0.73 points, after leaning on the support of 100.21, representing the ratio 76.4% of Fibonacci retracement levels for an ascending wave in the short term (from 90.32 to 113.19), bouncing off it higher for the third session in an attempt to vent off oversold saturation in the RSI, while countered by negative pressure from the 50-day SMA.
Therefore we expect more cautious gains for the stock, provided the support of 102.69 holds on, targeting the resistance of 106.70, which represents the ratio 38.2% of the same retracement levels.