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$. Shortterm bullish Signal also appear if the stock can beat ist resistance Level @ the bottom edge of the gap.
Former Analysis: GAP DOWN - DIP TO THE 0,5 FIBO Today we see a huge DOWN- GAP - sell on good News! If you have a look at the longterm Chart it seems that this stock never could fall :-) You not very often can see such strong uptrends. Normally Gaps get filled..For shortterm-ttrading i exspect a Rebound to the minimal correction fibo Level 38,2 = 114$. .. I think the strength of the stock will come back, so after a time of consolidation the gap should be filled within the next weeks/months. A strong Support should be the Level at 107,5 .