Walt Disney dominated by descending wave - Analysis - 16-08-2019

Economies.com
2019-08-16 13:28PM UTC

Walt Disney's stock fell in the short term with negative pressure from the 50-day SMA, with negative signals from the RSI, while correcting the main upward medium-term trend. 

 

Therefore we expect the stock to return higher, provided the support of 130.74 holds on, targeting the resistance of 142.30. 

 

Expected trend for today: Bullish 

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