GMOTruths
Short

MCD – Top End of Range, Downtrend

BATS:MCD   MCDONALDS CORP
28 0 1
MCD             is downtrending.

Currently price is on the high end of the range, and on the daily chart (not pictured), price is pushing against the trendline .

Consumer demand for their products is decreased.

However, on the lower trendline , the last low was not quite as low as the low before that. (not a good sign for this position)

Price is likely to go down at this point.

Price targets:
88
84.70
82.14
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