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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

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