Walt Disney leans on SMA support - Analysis - 11-10-2018

Walt Disney's stock fell in the intraday levels, leaning thereafter on the support of the 50-day SMA, and recording a loss of 3.45% in the last session, or 4.03 points, amid attempts to garner momentum to help it rise anew, while venting off overbought saturation in the RSI, amid the dominance of the upward short-term trend. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 117.90, provided the support of 113.16 holds on. 

Expected trend for today: Likely Bullish