November 25, 2013

McDonalds Channel and Bull Flag

  • McDonald's Daily chart shows price near channel resistance line. Channel also looks like a Bullish Flag pattern. Weekly Indicators are showing bullish alignment. If price stays above 99.50 levels on closing basis a bigger up move in favor of bulls can be seen. Price unable to breakout of the channel may result in a correction towards 95 levels again.
  • FACEBOOK Weekend update

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