MCD Downward Channel
Updated
MCD has been caught up in the market tides but looks to be quite overvalued. Hitting this trendline from the fall, we're seeing this perfect channel that proves a great MCD short. WIth RSI and Stochastics pointing down, and given the current market volatility, I'm eyeing May puts for a short term swing!
Comment
Although it broke above resistance, it came falling today although rest of market was strong. Still bearish on MCD for the next couple weeks.
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