McDonald's Trading Analysis (19/11/2024)
The trend is up. The stock is trading in the range between 365 and 135 EMAs. The descending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trading idea:
- Sell when the formation of the upward wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.
- Stop-loss at 289.60.
- Prce targets at 307.00 and 317.00.
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