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Feb 4, 2019 3:08 AM

MCD Approaching Support, Potential Bounce! Short

McDonald's CorporationNYSE

Description

MCD is approaching support at 176.71 (61.8% Fibonacci extension, 61.8% Fiboancci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 185.15.
Stochastic (89, 5, 3) is also approaching support where a corresponding bounce could occur.
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