During my last analysis on the Mc Donald’s stocks, the ascending channel on its daily chart was still intact but now it had broken down (indicated by the red circle) already. In spite of this, the MCD could still bounce off the current support line. If it does, then the stock could aim for its all time-high at 71.84 (greed dotted line) once again. On the flip side, if the decline continues and breaks below the current support line, the price could fall to at least 60.00. In any case, the bias on Ronald’s hamburger chain remains bullish since its long term uptrend is still unbroken.
More on this topic
(What's this?)
The Best Emerging Markets for 2012 – Part 2
(Wall Street Daily, 12/26/11)
Fasten Your Seat Belts for a Bumpy Ride
(Money Morning, 1/2/12)
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
