22.12.2014 - Shares of McDonald's are growing, but it is likely to resume

The price of McDonald's continues to grow after rebounded from the support level at 88.00 and the bottom of the channel. At the moment, quotes reached the strong the level of 93,00 and in case of fixing above it will continue to grow to 96.00 and the upper boundary of the channel. Going beyond the channel in the near future is unlikely, and we recommend to open short positions with a stop above 97.50, after reaching the top of the channel and forecast a drop to 88.00 and the 80.00.

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