McDonald’s Corporation – Time to grab some Fast Food?

By The Independent Abecedarian Blog • January 25, 2016

I’ve been following the NYSE:MCD (McDonald’s Corporation) since last year for multiple reasons I’ll be explaining in this write up.

This post was actually planned to be published last week (screenshot below is taken on last Sunday) but being the usual me, I’ve forgotten to post it up. So here comes my technical analysis take on this global fast food chain.

NYSE MCD BULL TREND THE IA ANALYSIS weekly timeframe Mcdonalds

WEEKLY Chart for NYSE:MCD (Click to view full image)

1. POWERFUL BREAKOUT

Firstly, what attracted me to this stock is the strength of the breakout which can be seen between Mid-2015 to Start-2016. It shows a non-hesitating vertical push breaking the strong $100 price level, which happens to be both a 4-year resistance level and a psychological round number. This inevitably shows the strength of the breakout of this level due to whatever reason, which is a very good sign that it will continue creating a higher decade high. Again for the record and new ...

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