MaryJane
Short

Technical Analysis: Thank You!

NYSE:DIS   DISNEY WALT CO
35 0 7
DISNEY is exactly following my arrows ;-)
It seems that the open upgap will be filled too...than at the bottom of this gap we can think about a possible rebound!
Selloff stopped @ SMA 200


weekly:
snapshot


Withe my former Analysis i was wrong! The selloff after the earnings continued yesterday. The selloff from the Level @ 122$ is a massive drawdown and a big Thing for a blue chip like Disney!!
After the intraday dip to the Level between the EMA & SMA 200 a strong intraday reversal stared yesterday which could continue the following days. The oversold Situation of the RSI underlines that Szenario.
A possible target of the exspected rebound could be the Gap bottom edge - here is also based the EMA 90.

This Level must be proved. The Gaps bottom edge perhaps generates a nice short possibility.
The Charts turns bullish again with Prices trading above 122$. Shortterm bullish Signal also appear if the stock can beat ist resistance Level @ the bottom edge of the gap.

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