Walt Disney driven lower by pivotal resistance - Analysis - 24-06-2019

Walt Disney's stock fell after the pivotal resistance of 142.30 held on, trying to gather momentum to help it rise anew while venting off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium and short term, with positive pressure from the 50-day SMA. 

Therefore we expect the stock to return higher, especially if the resistance of 142.30 was breached, targeting the next one at 149.56. 

Expected trend for today: Bullish