Currently MCD is in a downward trend and is currently just above a gap area. The 50 SMA is about to cross below the 200 SMA and that is a bearish signal, along with the fact that recently the stock has been printing lower highs and lower lows. I am looking to short all the way down to $168 where there is a support line. This support line is above another gap and if the support line breaks, MCD will drop to at least $161 if not lower.
I look forward to hearing your comments about the topic and am constantly looking for feedback to improve my analysis. I am open to discussion about my idea.
I look forward to hearing your comments about the topic and am constantly looking for feedback to improve my analysis. I am open to discussion about my idea.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.