Mcdonald's 
MCD is looking at a resumption of the uptrend after price action indicates a strong bullish rebound at 123.6% extension of wave A-B (US$282.71). We believe further upside is likely to continue as Stochastic has shown clear oversold confirmation signal. Volume is also in a healthy position.
Strategy
Buy spot @ 302.67 or buy stop above 303.00. Limit buy @ 286.04 support in the event of a correction.
1st Target is at 311.50 (Est 1 month)
2nd Target is at 341.00 (Est 2-5 months)
3rd Target is at 360.00 (6 months and beyond)
MCD is looking at a resumption of the uptrend after price action indicates a strong bullish rebound at 123.6% extension of wave A-B (US$282.71). We believe further upside is likely to continue as Stochastic has shown clear oversold confirmation signal. Volume is also in a healthy position. Strategy
Buy spot @ 302.67 or buy stop above 303.00. Limit buy @ 286.04 support in the event of a correction.
1st Target is at 311.50 (Est 1 month)
2nd Target is at 341.00 (Est 2-5 months)
3rd Target is at 360.00 (6 months and beyond)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.