FX Calendar

Wednesday, October 7, 2009

MCD Mcdonald's




I have been looking at the symmetrical triangle in MCD McDonald's chart. The chart is weekly. I can count 5 segments inside the triangle.

MCD can be a safe haven in case of market bearishness and vice versa can benefit from weak dollar since it has huge international exposure. Looks a win-win situation for an upside breakout. If it breaks to the upside, the triangle target is $78.

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