TopgOptions

MCD to close all 850 locations inside Russia

Short
NYSE:MCD   McDonald's Corporation
If you haven`t sold the forming of the Head and Shoulders bearish Chart Pattern:

Then you should know that McDonald’s owns around 84% of its 847 restaurants in Russia, which accounts for 9% of its total revenues and less than 3% of its operating income globally.
They will continue paying its 62,000 employees in Russia.

Considering the facts above, my buy area is around $212.

Looking forward to read your opinion about it.

Disclaimer

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.