WALT DISNEY COMPANY

Walt Disney is rising at tremendous pace , in 2019 alone it went up 50 Dollars . Do we see any short term correction soon?

 

At 1 hr chart we see few weakness
1. We see divergence in RSI compared to price , Price is making higher Highs , However its not the case with RSI
2. Price is at the peak now and we have already seen some rejection after price has crossed 150 mark ( still strong )
3. We will wait for break to downside crossing trend line and see if price rejects 150 level again
4. We might see price to touch to 140 before it shoots back up

 

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