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!
weekly:
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.