McDonalds Corporation (NYSE:MCD) is Testing Resistance
McDonalds Corporation (NYSE:MCD) is testing longer term resistance.
Investors should pay attention to these tests because tests of longer term resistance levels can often impact the direction of stock prices. Te rules are: If resistance holds, expect a decline to support, but if resistance levels break consider them converted support, and as a stop-loss or risk control mechanism from there.
Support and Resistance Plot Chart for MCD
Blue = Current Price
Red= Resistance
Green = Support
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