The breakout of Mcdonalds Corp. through the support line of a Rising Wedge could be a sign of the road ahead. If this breakout persists, we expect the price of Mcdonalds Corp. to test 211.03 within the next 13 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
An unexpected large move has occurred on XOM 1 hour chart! Is this a sign of something new? What can we expect?
XOM hits 105.155 after a 11.66% move spanning 4 days.
Is the extremely large movement on NKE a sign of things to come?
NKE dropped sharply for day – which is an excessively big movement for this instrument; exceeding the 98%…
MSFT is signaling a possible trend reversal on the intraday charts with price not breaching resistance.
Emerging Falling Wedge pattern in its final wave was identified on the MSFT 1 hour chart. After a…