Walt Disney exposed to negative pressure - Analysis - 10-12-2018

Walt Disney's stock fell and breached the support of 113.16, while also piercing the main downward short-term trend line as shown in the attached chart, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI. 

Therefore we expect more losses for the stock, as long as it settles below 113.16, targeting the support of 108.23. 

Expected trend for today: Bearish