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30.08.2012 10:47 AM
McDonald's Stocks Review

 

Having come off the resistance level of 88.6 McDonald's stocks changed their tendency to uptrend.
The main target for buyers is the resistance level of 90.4. As soon as we get over it, we will receive buy signal and will be able to reach the level of 92.0.
The nearest resistance level is 89.8. After breaking through it, we recommend buying company’s stocks.
We can think of selling only in case 88.2 level is conquered.
Axel Levels for Today:
Daily pivot point is 88.5.
If the price is above daily pivot, the asset is bullish.
If the price is below daily pivot, the asset is bearish.
Resistance 1: 89.96
Resistance 2: 90.26
Support 1: 89.2
Support 2: 88.74
We recommend buying MCD stocks only after overcoming the resistance level of 89.2.

 

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