MATASII GOAL OF 40% GAIN IN McDONALDS ACHIEVED
MCD CHART AS OF CLOSE 12-03-18
INITIAL MCD McDonald’s Corp. IDEA: March 11th, 2017
MCD is returning to previous highs; breaking through these or bouncing off them offers potential opportunities. MVD can be seen in long term blue weekly channels. The market has been consolidating around the top of one channel, further lift could see move to the top of the next blue weekly channel. IF resistance is found a potential double top may be forming, suggesting a drop back to previous lows and potentially out of the longer term channels. Several significant technicals have been highlighted (solid orange), and arrows (orange dashed) offer potential moves to watch for.