Case 45 #McDonalds Corporation
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
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MCD 1/7
MCD 2/7
MCD 3/7
Monthly Chart: A close below the rising #trendline warns of a deeper correction. towards the #SMA 20 at 185.17.
MCD 4/7
Weekly Chart: Breaking lower below the SMA 20 & 50 and a strong weekly bearish bar. Price would now have to close back above the rising dashed trendline #pivot (off the close) at 201.92 to challenge firm #resistance at 209.40.
MCD 5/7
Daily Chart: Price has broken below the main #movingaverages and bounced off the trendline clone - a 2 day close below targets 177.57
MCD 6/7