McDonald’s stocks continued to go down.
Taking into account the upside move, we can suggest that overcoming of support line 91.0 was false.
It signifies about the probable ascending movement to the resistance level of 92.0.
It is better to sell stocks after the support level of 88.6 is broken through.
Axel’s Levels for Today:
Daily pivot point: 91.01.
If the price is above the pivot point, the asset is bullish.
If the price is below the pivot point, the asset is bearish.
Resistance 1: 91.41
Resistance 2: 92.02
Support 1: 90.4
Support 2: 90.0
Today we recommend buying MCD stocks after the resistance level of 91.41 is overcome.
