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themarketzone
Jun 23, 2016 11:36 AM

Broke below major resistance zone - Outside Bar Short

McDonald's CorporationNYSE

Description

Pay attention to 124$, a resistance zone that was broken after a huge weekly False Break.
Price is below the Fast SMA line (bearish confirmation signal) and unless Brexit will deliver a strong rally, I expect MCD to continue lower

Tomer, The MarketZone.net
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Comment

Re-testing resistance zone

Comment

Resistance zone confirmed again. Looking for continuation now
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