McDonald's gives in to negative pressure - Analysis - 18-11-2019

2019-11-18 13:55:15 GMT (Economies.com)
 

McDonald's stock fell after the resistance of 195.46 held on, representing the ratio 50% of Fibonacci levels, amid pressure from the 50-day SMA, marking a minute 0.2% loss in the last session. 

 

Therefore we expect more losses, targeting the next support at 189.16, representing 61.8% of Fibonacci levels. 

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.1228
-0.0049
0.4310%
1.2455
0.0147
1.1915%
Tadawul
7312.24
58.91
0.81%
18.020
0.241
1.356%
40.125
1.350
3.482%
42.59
-0.55
1.27%
1775.670
4.055
0.229%
 
 
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