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18.09.2012 10:57 AM
McDonald's Stocks Review on Point and Figure Chart

 

McDonald’s stocks resumed their uptrend move.
Overcoming of resistance level of 92.0 gave buy signal enabling the way towards the level 0f 93.4.
Support level is placed at 90.6, a breakthrough it will provide a signal for buying in the direction of the trend line.
Axel’s Levels for Today:
Daily Pivot Point: 92.09.
If the price is above the pivot point, the asset is bullish.
If the price is below the pivot point, the asset is bearish.
Resistance 1: 92.44.
Resistance 2: 92.76.
Support 1: 91.77.
Support 2: 91.42.
Today, we recommend buying MCD stocks after the resistance level of 92.44 is broken.

 

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