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Anbat
Oct 2, 2016 11:30 AM

McDonald's Bullish Rest Of 2016 Long

McDonald's CorporationNYSE

Description

On MCD 1 daily chart, a triple bottom pattern has developed at around $114.00 (support). If you look left, you see the ALL TIME HIGH of this stock at $131.96. I believe that MCD will do a Fib Ret to bullish side to $122.00, which is 50% level from last BEARISH trend, noted on chart. Will be looking for chart patterns at S/R area to trade BULLS.

Trade with trend, be patience and get on the BUS which is going in your direction of trade. Good Trading!!
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