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TECH Buy 26.04.2024 08:58

McDonald’s Corp.: wave analysis

Growth is possible.

On the daily chart, the third wave of the higher level 3 develops, within which the wave (5) of 3 forms. Now, the fifth wave of the lower level 5 of (5) is developing, within which the wave i of 5 has formed, a local correction has ended as the wave ii of 5, and the wave iii of 5 has started. If the assumption is correct, the asset will grow to the area of 315.00–330.00. In this scenario, critical stop loss level is 264.70.

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Indicators

MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Sell
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Sell
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Wait
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Wait
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Wait
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Sell
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Sell

Market sentiment

100% sell
0% buy