27.07.2016 - We forecast a drop in shares of McDonald's in the near future
Price of McDonald's shows a rapid decline after the sharp fall with a gap during which has broken through the inclined support line and the level of 124.40. As a result, quotations have decreased to 120.00 and then can continue the current trend to 116.00. On the other hand, after a strong reduction the price is likely to rebound up to 124.40. According to our estimates, the current decline may continue in the near future, with the potential of reduction by 10-12%.