Source: PaxForex Premium Analytics Portal, Technical Insight

Walt Disney has suspended one of its top executives, Barbara Fedida, while it investigates press reports that she has made racist comments, including inappropriate behavior.

Disney, H4

Pivot: 117.34

Analysis:

Provided that the asset is traded above 114.00, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 117.34
• Take Profit 1:  121.10
• Take Profit 2: 128.20

Alternative scenario: 

In case of breakdown of the level 114.00, follow the recommendations below:

• The timeframe: H4
• Recommendation: short position
• Entry point: 114.00
• Take Profit 1: 111.40
• Take Profit 2: 109.20

Comment:

RSI shows an uptrend momentum during the day. 

Key levels:

Disney, D1

Pivot: 117.65

Analysis:

While the asset is traded above 109.60 follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 117.65
• Take Profit 1: 130.80
• Take Profit 2: 136.60

Alternative scenario:

If the level 109.60 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 109.60
• Take Profit 1: 100.00
• Take Profit 2: 94.30

Comment:

The RSI is 50 above the neutral area. The MACD is below the signal line and is positive. The stock may recover in the short term. In addition, the stock is traded under the 20-day moving average (119.76), but above the 50-day moving average (109.92). 

Key levels:

We also advise you to pay attention to Facebook for intra-day trading:

Pivot: 236.18 

Analysis:

While the asset is traded above 232.40, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 236.18
• Take Profit 1: 241.60
• Take Profit 2: 244.20

Alternative scenario:

If the level 232.40 is broken-down, follow the recommendations below.

• Time frame: H4
• Recommendation: short position
• Entry point: 232.40
• Take Profit 1: 228.20
• Take Profit 2: 225.60