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McDonalds Daily Technical Analysis | 12 January 2018

2018-01-12 10:54 am | Resource: Technical Analysis Section | No Views : 341

McDonald's shares broke the trend line during the trading yesterday and the stock continued to decline to touch the levels of 172.10 $ did not confirm the stock on the fracture so far.

McDonalds Daily Technical Analysis | 12 January 2018

The US stock is trading in a bearish direction over the hourly interval, the simple moving average, the slow moving average and the long term moving average are neutral.
The rate of change 12 is trading in a bullish direction and is currently trading below the zero level to indicate the weakness of the buyers in the stock.
It is expected that if the social networking site breaks the level of 174.49 $, it might target the 176.03 level on the other hand. In case of a break, the US share price of 172.10 might target 170.14.
Support: 172.10 - 170.14 - 167.76
Resistance: 176.03 - 178.15 - 181.62
Trend: Down


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