jangseohee
Short

MCD, M, Whipsaw finishing!

NYSE:MCD   MCDONALDS CORP
33 0 0
A monthly chart shows McDonald has been in consolidation phase since 2012 forming a slightly rising wedge.
Judgement day is about to come very soon as the price is at the end of the congested whipsaw movement.

A simple projection of possible upside and downside shows roughly where the price would hit for next resistance or support level respectively.

However, using MACD indicator, i am 60% more bearish than bullish in long term.

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