Walt Disney steadies at negative zone - Analysis - 08-02-2019

2019-02-08 11:06:11 GMT (Economies.com)
Walt Disney steadies at negative zone - Analysis - 08-02-2019
 

Walt Disney's stock fell 0.41% in the last session, or 0.46 points, while settling below 111.03, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the medium term (from 96.20 to 120.20), while exposed anew to negative pressure from the 50-day SMA, with negative signals from the RSI. 

 

Therefore we expect more losses for the stock, as long as it settles below 111.03, targeting the next support at 108.20, which represents the ratio 50% of the same retracement levels. 

 

Expected trend for today: Bearish   

 
 
 
  Symbol Last Change Chg.%
1.1194
-0.0050
0.4482%
1.2959
-0.0043
0.3323%
14.894
-0.111
0.736%
66.230
2.220
3.467%
74.58
0.07
0.09%
1273.330
-2.370
0.186%
 
 
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