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Trade idea for Mc.Donald`s Corp. (NYSE)

24.03.2022

Market Review


#MCD

The trend is descendant. The share trades are between 365 and 135 moving averages. The mirror level of 240.00 restrains buyers. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The inclined channel of the ascendant wave structure is breached.

Trade idea:

Sell when the 234.00 level is breached.

Stop-loss: 240.00.

Target levels: 225.00; 218.00.

Author: GC
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