McDonalds Corporation Stock Code MCD.NYS
Outlook
Price broke below the cloud 2 days ago and yesterday, price broke below the recent low of $207.40. Base and Conversion lines had a bearish crossover earlier but Lagging Span is still in the cloud, unable to confirm the bearish trend. MACD is bearish and had a bearish crossover below the zero line. This could be a hint of further price declines. Using a V price forecasting technique, we get a price objective of $199.00. Using the N price projection, the price target is at $202.16. There was also a previous low support at $200. We think price is likely to decline lower to the support zone of $202 to $199.
Strategy
$207.40 Short Sell
$200.10 Price Target
$213.40 Risk Management Stop
3 weeks Trade Duration
Goldman Sachs Group Inc Stock Code GS.NYS
Outlook
Price has moved below the cloud and closed below the cloud 2 days ago and yesterday, a full candlestick was below the cloud. The bearish trend was confirmed by the bearish crossover of the Conversion and Base lines and Lagging Span below the cloud and price. MACD is currently moving down but still bullish at the moment. The first support lies at $193.80 but we think price can go lower to the gap support at $186.00, given that momentum is only at the beginning stage of the decline
Strategy
$200.00 Short Sell
$186.00 Price Target
$207.60 Risk Management Stop
3 weeks Trade Duration
