January 27, 2014

McDonald's Triangle Pattern and Death Cross

  • McDonald's Daily chart shows a triangle pattern. Price is testing the support line of the triangle pattern.
  • Daily chart already has a Bearish Death cross in place. Price is trading below 200 and 50 Day SMA. More falls is likely if the support zone shown in last chart gets broken. Strength only on price trading back above 50 Day SMA.
  • Bank of America Weekend update

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