McDonalds Daily Technical Analysis | 6 November 2017
2017-11-06 09:18 am | Resource: Technical Analysis Section | No Views : 407
McDonalds broke through the resistance level of 167.67 during the thursday and confirmed that during the trading last Friday, is still trading fast food shares in a bullish direction in the configuration on the hour-time frame, and bulls could penetrate the secondary downward trend line during last Friday's trading.
The positive cross between the SMA and the slow moving SMA is still in place.
The rate of change 12 is trading in a bullish direction and still fails to breach the important 2.25 resistance level.
It is expected that if the fast-food shares break above $ 169.42, it might target the 172.10 level on the other side, if the break of 167.67 might target the 165 level.
Support: 167.67 161.72 - 156.97
Resistance: 170.14 - 172.10 - 176.03
Investors took stock indices in different directions on Thursday in the Asia-Pacific stock trading session as sentiment deteriorated somewhat towards the closing bell. The Federal Reserve helped risk appetite, as yesterday it cut interest rates but also revealed a split over what comes next. Bank of Japan leaves policy unchanged, calls for revision in October as risks rise The Bank of Japan also issued a regular update and left current…
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