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McDonalds Daily Technical Analysis | 18 January 2018

2018-01-18 01:09 pm | Resource: Technical Analysis Section | No Views : 252

Our view is neutral on the shares of McDonald's as it trades at 175.55 to 173.93 $ as a result of the breach of the upper border of the symmetrical triangle pattern during yesterday's trading and usually a test without breaking or breaching the aforementioned areas on the hourly interval.

McDonalds Daily Technical Analysis | 18 January 2018

The SMA is positively intersecting with the slow moving average but without confirmation so far.
The rate of change 12 broke the upper border of the classical symmetrical triangle during yesterday's trading.
It is expected that, if the fast-food shares break the $ 175.56 level, it might target 178.15 while in the case of a break of the American fast food stock 173.81 might target 171.10.
Support: 172.10 - 170.14 - 167.76
Resistance: 176.03 - 178.15 - 181.62
Trend: neutral


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