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TECH Buy 10.05.2024 08:56

McDonald’s Corp.: wave analysis

Growth is possible.

On the daily chart, the third wave of the higher level 3 forms, within which the wave (5) of 3 develops. Now, the fifth wave of the lower level 5 of (5) is forming, within which the wave i of 5 has ended, and a local correction has formed as the wave ii of 5. If the assumption is correct, the asset will grow within the wave iii of 5 to the area of 315.00–330.00. In this scenario, critical stop loss level is 258.55.

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Indicators

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

Market sentiment

100% sell
0% buy