MCD Short Idea
MCD recently put in a double top near ATH and had a big rejection. It also broke below a major trendline dating back several years. For shorter term, I'm watching this descending trendline and horizontal resistance for a short entry.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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