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

12.09.2022

Market Review

#MCD

The ascending internal truncated wave structure has ended with a breach of the inclined channel. The Awesome Oscillator indicator shows bearish divergence, and the Stochastic Oscillator indicator signals overbought. 

Trading idea:

Sell on a breakout of 257.46.

Stop Loss: 261.08.

Target levels: 253.50; 252.55.

Author: GC
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