McDonald's - page 2

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Sergey Golubev
Moderator
106756
Sergey Golubev  

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Stock Market

  1. Stock Market A To Z: 26 Names, Themes And Trends To Watch thread
  2. MT5 for stock market thread
  3. The Worst Stocks Of 2016, 2017, 2018, and more thread
  4. The Best Stocks Of 2016, 2017, 2018, and more thread
  5. Forecast and levels for Bitcoin/USD thread
  6. Forecast and levels for S&P 500 thread
  7. Forecast and levels for Dax Index thread
  8. Forecast and levels for CAC 40 thread
  9. Forecast and levels for Nikkei thread
  10. Forecast and levels for Dow Jones Industrial Average thread
  11. Forecast and levels for Hang Seng Index (HSI) thread
  12. Apple thread
  13. McDonald's thread 
  14. Google thread

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Sergey Golubev
Moderator
106756
Sergey Golubev  

McDonald's - daily ranging within "golden cross" reversal area for the possible bullish reversal; 162.27 is the key

The price is within 50 SMA/200 SMA "golden cross" reversal area waitingg for the direction of the strong trend to be started, and within the following support/resistance levels:

  • 162.27 resistance level located abpbe 200 SMA and near velow 50 SMA in the bullish reversal to be started, and
  • 158.34 support level located near and below 50 SMA/200 SMA "golden cross" area for the daily bearish trend to be resumed. 
McDonald's
  • If the price will break 162.27 resistance level on close daily bar so the bullish reversal will be started.
  • if price will break 158.34 support so the bearish market condition will be resumed.
  • if not so the price will be ranging within the levels.
Resistance
 Support
162.27158.34
N/AN/A
N/AN/A
The Strategy: watch close price to break 162.27 resistance level for possible buy trade. Alternateve - watch price to break 158.34 support level for possible sell trade.


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The chart was made on MT5 with standard indicators of Metatrader 5

"Golden cross occurred when the 50-day simple moving average crossed above its 200-day simple moving average, indicating that higher prices lie ahead. As this pattern holds you are buying weakness to the 200-day simple moving averages. The 50-day is in blue on the charts and the 200-day is in green." - from this article.

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