Walt Disney seeks a bottom to boost it - Analysis - 14-08-2018

Walt Disney's stock searched for a bottom to bouncer it higher anew, amid the dominance of the upward short-term trend, with positive support from the 50-day SMA, while the RSI reached extremely oversold levels compared to the stock's movements, recording a loss of 0.50% in the last session, or 0.56 points. 

Therefore we expect the stock to return higher, as long as the support of 109.81 holds on, targeting the pivotal resistance of 116.10.