The breakout of Mcdonalds Corp. through the 243.49 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of Mcdonalds Corp. to test 240.85 within the next 5 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 243.49 numerous times, Mcdonalds Corp. has finally broken through. Can we expect a bearish trend to follow?
