Looking at the weekly chart, it is pretty obvious that this stock is going down. A triple top is as bearish as it gets
However the chart is a bit over extended to the downside and there are small divergences.
Looking at the daily, a short term opportunity exists. On the longer term, one should only sell MCD, but for the moment, a small rally is highly probable, as we have bullish divergences on the MACD lines and Force Index. The Weis Wave shows a big effort which only resulted in a false breakout.
If this stock breaks below 89$, I was wrong and the selling will continue.
Looking at the daily, a short term opportunity exists. On the longer term, one should only sell MCD, but for the moment, a small rally is highly probable, as we have bullish divergences on the MACD lines and Force Index. The Weis Wave shows a big effort which only resulted in a false breakout.
If this stock breaks below 89$, I was wrong and the selling will continue.