Disney: Try Again. We look to Sell at 127.19 (stop at 131.94)
Short Term - We look to Sell at 127.19 (stop at 131.94)
A break of bespoke support at 130.00, and the move lower is already underway. Trades with a bearish descending triangle formation. Our outlook is bearish . The trend of lower highs is located at 142.00. News events could adversely affect the short term technical picture.
Our profit targets will be 113.78 and 102.30
Resistance: 130.00 / 144.00 / 155.00
Support: 110.00 / 100.00 / 90.00
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