Walt Disney ends lower - Analysis - 13-12-2018

Walt Disney's stock hit an intraday high at 113.98, bouncing off it lower and trimming the gains to a modest 0.215, or 0.24 points, amid the dominance of the downward correctional wave in the short term, while hurt by piercing the main upward trend line as shown in the attached chart, with negative signals from the RSI, coupled with negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, targeting the support of 108.23, as long as it settles below 113.16. 

Expected trend for today: Likely Bearish