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26.05.2016 - McDonald's shares can resume growth within the channel

Price of McDonald's dropped to the lower boundary of the rising channel and can rebound upwards. In this case, the closest target levels will be 124.75 and 130.00. On the other hand, the channel breakout and fixation lower than the local minimum at 122.00 will be a signal to sell with a stop above 125.00 and targets at 120.00 and 116.00. We expect price growth in the medium term, but do not exclude the fall in the coming weeks.

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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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