McDonalds (MCD)–02-28-2011

February 28, 2011 at 9:40 pm · Filed Under Bearish, Swing Trades 

MCD Daily Chart

I don’t necessarily love or hate McDonalds, but the chart is nice.  A gap down that’s served as resistance a couple times gives some potential both ways.  If it breaks up over $76, maybe the weak January will start looking like a sloppy double bottom.  If $76 proves to be a ceiling, there’s some nice downside to play.

Comments

2 Responses to “McDonalds (MCD)–02-28-2011”

  1. Kitty on December 17th, 2015 1:11 am

    That was one win out of 11. What about the other 10? So far you spent $958 and gained $596.41 for a net loss of $361.49. Do you have other paofyfs from the remaining 10 to give you an overall net profit?

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