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HotForex

MCD Approaching Support, Potential Bounce!

Long
McDonald's Corporation (NYSE:MCD)  
HotForex  
NYSE:MCD   McDonald's Corporation
Trend Analysis Harmonic Patterns Chart Patterns
48
0
trendanalysis harmonicpatterns chartpattern
MCD approaching support at 178.88 (100% Fibonacci extension, 50% Fiboancci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 185.08.
Stochastic (55, 5, 3) is also approaching support where a corresponding bounce could occur.
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