MCD, M, Whipsaw finishing!
A monthly chart shows McDonald has been in consolidation phase since 2012 forming a slightly rising wedge.
Judgement day is about to come very soon as the price is at the end of the congested whipsaw movement.
A simple projection of possible upside and downside shows roughly where the price would hit for next resistance or support level respectively.
However, using MACD indicator, i am 60% more bearish than bullish in long term.
Judgement day is about to come very soon as the price is at the end of the congested whipsaw movement.
A simple projection of possible upside and downside shows roughly where the price would hit for next resistance or support level respectively.
However, using MACD indicator, i am 60% more bearish than bullish in long term.
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