Will McDonald's try to bounce?

11 March 2022 145
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For a month now, McDonald's shares have been declining within the downtrend. The decline scale exceeded 15% but now the price has come to the strong support of 217 and there are opportunities for an upward bounce.

 

The last daily candlestick has formed a hammer and the RSI tends to leave the oversold zone. The first target of the bounce will be the level of 226.5, if it is successful, a downtrend line can be tested.

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