MCD – Top End of Range, Downtrend
MCD is downtrending.
Currently price is on the high end of the range, and on the daily chart (not pictured), price is pushing against the trendline.
Consumer demand for their products is decreased.
However, on the lower trendline, the last low was not quite as low as the low before that. (not a good sign for this position)
Price is likely to go down at this point.
Price targets:
88
84.70
82.14
Currently price is on the high end of the range, and on the daily chart (not pictured), price is pushing against the trendline.
Consumer demand for their products is decreased.
However, on the lower trendline, the last low was not quite as low as the low before that. (not a good sign for this position)
Price is likely to go down at this point.
Price targets:
88
84.70
82.14
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