Walt Disney ST : as long as 107.67 is support look for 120.51

Our pivot point is at 107.67.

Our preference: as long as 107.67 is support look for 120.51

Alternative scenario: below 107.67, expect 103.23 and 100.58.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 105.58 and 97.20).

Supports and resistances:

125.87 **

123.19 *

120.51 **

117.83

111.52 USD - last

109.42

107.67 **