MCD Overbought at resistance after announcement yesterday of corporate labor cuts. Assuming 171.10 resistance holds by close today, expecting a retracement back to atleast 167.00-168.00 level by the end of next week.
Ideally would like to see a close today at or below 171.10.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.