McDonald's Trading Analysis (15/07/2024)
The trend is down. The stock is trading in the range between 365 and 135 EMA. The ascending truncated wave structure finished with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trading idea:
- Sell when the formation of the downward wave structure begins.
- Stop-loss at 256.85.
- Price targets at 249.00 and 243.60.
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