Walt Disney tries to garner momentum - Analysis - 06-09-2018

Walt Disney's stock marked a new 0.88% loss in the last session, or 0.98 points, as the stock gathers momentum to help it rise anew, while venting off overbought saturation in the RSI, with positive support from the 50-day SMA, coupled with the dominance of the main upward trend along the trend line. 

Therefore we expect the stock to return higher, as long as the support of 105.54 holds on, targeting the resistance of 116.10. 

Expected trend for today: Likely Bullish