McDonald's breaches current support - Analysis - 05-11-2019
Economies.com
2019-11-05 12:58PM UTC
McDonald's stock fell sharply to seven-month lows amid pressure from the 50-day SMA, breaching the support of 189.15, which represents the ratio 61.8% of Fibonacci retracement levels.
Therefore we expect the stock to decline and target the next support at 181.50, representing the ratio 76.4%.
Expected trend for today: Bearish
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