Disney seeks a bottom to bolster it - Analysis - 11-12-2019

Economies.com
2019-12-11 11:53AM UTC

Disney's stock fell in the short term while seeking a bottom to bolster it higher, marking a modest 0.08% loss after leaning on the support of 145.40, amid the dominance of the main upward trend with positive support from the 50-day SMA, while the RSI reached oversold levels. 

 

Therefore we expect the stock to rise and target the pivotal resistance of 152.80. 

 

Expected trend for today: Bullish 

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