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kovpups
Jun 24, 2020 11:37 PM

MCD. Uptrend channel Long

McDonald's CorporationNYSE

Description

MCD - The stock has reached the lower edge of the uptrend channel. Green line at $ 182.9-183 is the resistance line, which has been tested several times during the last 1.5 years. The red line is the resistance line at $213. Over the last week JP Morgan increased its targeting from $180 to $204, SunTrust from $195 → $208, CreditSwiss from $200 → $210. You can try the current prices with short stop below $ 181, Target1 at $195, Target2 at $208-210.

Comment

First target completed on previous week.
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