MCD 1-Hour analysis to combine with the Daily Chart
On a closer look at the 1-hour chart, we can see that 7-day RSI is already moving up, MACD is just being stupid - cannot make heads or tails out of it.
Both indicators are lagging indicators, but could use to confirm a trend.
OBV flattened at the bottom, and I can only hope for some volume pickup.
If it breaks the $193.16 (1-Day resistance area) then next stop will be $198.64 - this comes from the Fibonacci Retracement from April 2019 until August 2019 (Low to High).
Both indicators are lagging indicators, but could use to confirm a trend.
OBV flattened at the bottom, and I can only hope for some volume pickup.
If it breaks the $193.16 (1-Day resistance area) then next stop will be $198.64 - this comes from the Fibonacci Retracement from April 2019 until August 2019 (Low to High).
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