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whossaynn
Feb 20, 2019 1:00 AM

Mcdonalds Short?  Short

McDonald's CorporationNYSE

Description

Hey everyone, this is my first post and im still fairly new (2-3 months in) but heres my two cents.

As you can see, mcdonalds is quite a slow mover, however; I also believe that because of the apparent double top/ shoulder forming, we could potentially see a peak as high as the area I have shadowed (at best case for bulls, a third retest of the resistance to form a triple top). The technical analysis, along with an overall slowing-down of popularity amongst fast-food, shows if this move plays through mcdonalds could easily fall to the previous support as indicated.

Let me know what you think.
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