VantageMarkets

Disney to continue in the sequence of lower highs and lows.

Short
BATS:DIS   Walt Disney Company (The)
Disney - 30d expiry - We look to Sell at 85.45 (stop at 88.45)

Daily signals are bearish.
Previous support level of 85.50 broken.
Previous support at 85.50 now becomes resistance.
There is no clear indication that the downward move is coming to an end.
This stock has seen poor sales growth.
The sequence for trading is lower lows and highs.

Our profit targets will be 78.05 and 76.05

Resistance: 83.67 / 84.70 / 86.19
Support: 80.56 / 79.75 / 79.07

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