McDonald’s Corp Stock Code MCD.NYS
Outlook
Price broke above the cloud in the previous trading session, changing the chart outlook to bullish. Lagging Span is above the closing of 26 days ago and is above the cloud, confirming the bullish price trend. MACD is below the zero line but MACD line and the signal line just had a bullish crossover, hinting at a bullish price trend. If price is able to stay above the cloud, it could be heading towards the next resistance high at $261.15 in the next 2-3 weeks.
Strategy
$251.85 Buy
$261.15 Price Target
$245.60 Risk Management Stop
3 weeks Trade Duration
