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adam_fx_
Apr 7, 2024 2:28 PM

McDonalds ready for reversal Short

McDonald's CorporationNYSE

Description

McDonalds is showing us a very healthy bullrun. The corporation is bullish since 2003 and increased the value by more than 2000% since 2000. The Israel/Pakistan conflict is bringing the retail sales near middle-east near bankruptcy. After Israeli owner of all 200 restaurants started supporting Israeli army, muslim religions started an offensive campaing against the comapny.

This should be a temporary retrace for the stock price, however it still may impact the stock price in a following bear run. Price also got rejected twice at ath level. This could be also a bearish sign and influence following trend.
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