Some says food is a recession proof business but with many competitors in the Burger business, customers are now spoilt for choices. While MacDonald has enjoyed a good brand name and being the first few early adopters of Fast Food, many other are fast catching up as well.
If price level at 189.45 can hold , then we can see a recovery and possibly a breakout of the bearish trend line (red). The first target is 206 where there is a gap to be filled before the next gap at 215.
However, if the price level of 189.45 fails to support, then it is likely for the price to heads south towards 176 level to meet the gap.
If price level at 189.45 can hold , then we can see a recovery and possibly a breakout of the bearish trend line (red). The first target is 206 where there is a gap to be filled before the next gap at 215.
However, if the price level of 189.45 fails to support, then it is likely for the price to heads south towards 176 level to meet the gap.
Nota
Praise Lord. After a nice one month of waiting, it has finally broken out of its bearish trend line. Now we wait for the next candle to confirm our entryNota
taking some profits nowNota
gap closed now. Can take some profits and let the remaining run....
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.