Walt Disney gathers positive momentum - Analysis - 19-10-2018

Walt Disney's stock fell in the intraday levels as the stock gathered positive momentum to help it rise anew, while readying to tackle the pivotal resistance of 117.90, recording a loss of 0.81% in the last session, or 0.95 points, amid the dominance of the upward trend in the short term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI. 

Therefore we expect the stock to return higher, especially if the resistance of 117.90 was breached, targeting the next one at 123.86. 

Expected trend for today: Likely Bullish