The McDonald's Corp. (NYSE) Analysis, Chart, and Trading Idea

#MCD

Bears tested the support level of 261.20. The descending truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

Trading idea:

Buy at the breach of 265.20;

Stop-loss: 261.20;

Target price levels: 269.50, 275.20.