The breakout of Mcdonalds Corp. through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we expect the price of Mcdonalds Corp. to test 232.05 within the next 11 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
ARTÍCULOS RELACIONADOS
Supports and resistances are primary concepts of technical analysis. TSLA is heading for an important price of 332.9500 – read about what this could mean for the future.
TSLA is moving towards a resistance line. Because we have seen it retrace from this level in the…
A Channel Up has formed, PFE is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
PFE is heading towards the resistance line of a Channel Up. If this movement continues, the price of…
CVX has broken through a resistance line. It has touched this line numerous times in the last 22 days.
A strong resistance level has been breached at 145.1700 on the 1 hour CVX chart. Technical Analysis theory…