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.
After testing support twice in the past, Mcdonalds Corp. has finally broken through. Can we expect a bearish trend to follow?
