country flagالعربية
0
0

McDonalds Daily Technical Analysis | 24 November 2017

2017-11-24 11:40 am | Resource: Technical Analysis Section | No Views : 302

McDolands broke the downtrend line on the hourly time frame during yesterday's trading and the stock retested the trend line and succeeded in stabilizing above. The stock came close to the resistance level of 170.14 which we mentioned in a previous report that is targeting the share of the price.
 
McDonalds Daily Technical Analysis | 24 November 2017
Currently, the American stock is trading in a major bullish direction, and the SMA and the Slow Moving Average are positively cross-crossed and confirmed.
The rate of change 12 is trading in a bullish direction with weakness, as the index is a lower peak than yesterday and during yesterday's trading it broke a previous low.
It is expected that if the American stock is breached to the level of 170.14 $ may target the level of 172.10 on the other hand, in the event of failure to penetrate the US fast food shares to the level of 170.14 $ may target the level of 165.25
Support: 167.67 - 161.72 - 156.97
Resistance: 170.14 - 172.10 - 176.03
Trend: Up


Other news

Wall Street opened higher on Thursday after Fed cuts

Wall Street opened higher on Thursday after the US Federal Reserve cut interest rates by 25 basis points to 1.75% -2% due to lower inflation and global economic outlook. The move was first criticized by President Donald Trump, but he later described it as "good." Meanwhile, oil prices rose as reports indicated that Saudi Arabia might not be able to meet demand in the wake of Saudi Aramco attacks and…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.