MCD: Buy on the dip risk for selling short

BATS:MCD   McDonald's Corporation
This stock has dipped and slid through its support, which was not a strong support level. There is minimal support nearby. And the support above is now a moderate resistance level.

There was some mild rotation in the Volume Oscillator and Money Flow indicator patterns followed by pro traders selling.

The reversal candlestick pattern failed.

However, the risk for selling short is the retail investors and their investment group gurus advising to buy on the dip.

Today's candle has buy on the dippers in the mix.

Martha Stokes, CMT

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