06.02.2023
#MCD
Bears tested the support level of 261.20. The descending truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the breach of 265.20;
Stop-loss: 261.20;
Target price levels: 269.50, 275.20.
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