11.09.2014 - MacDonald's is likely to continue to fall

The price of MacDonald's after consolidation below 94.60 continued its decline and returned to the descending channel. Confirming a sell signal has become fixing the price below 93.00. In the nearest future we expect a continuation of the negative dynamics of the price within the channel to its lower boundary and the level of 88.00. Growth is limited by the resistance at 99.00 and 100.00. In the medium term the price can also be reduced, but the long-term outlook remains positive.

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