Walt Disney's stock touched the resistance of the 50-day SMA before bouncing back lower and turning the gains into losses, as the stock gathers momentum to help it rise anew, amid the dominance of the upward short-term trend, with positive signals from the RSI.
Therefore we expect the stock to advance and target the resistance of 116.10, as long as the support of 109.49 holds on.
Expected trend for today: Likely Bullish