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.%
1.1058
-0.0004
0.0366%
1.3150
0.0013
0.0982%
Tadawul
8120.01
21.27
0.26%
16.601
0.029
0.177%
59.025
-0.085
0.144%
64.20
-0.18
0.28%
1460.215
0.370
0.025%
 
 
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