McDonald's Is Under Pressure
27 January 2012 19:59:03 WIB
The stock price of McDonald’s Corp. is seen under pressure. Hourly stochastic and CCI are pointing up so that a chance for pullback to the resistance at 99.57 is opened. We will be watching the area around that level to look for bearish opportunity. A break below 98.74 possibly will be followed by a move to 98.00.
The bearish scenario mentioned above must pay attention on the resistance area at the range 99.57 – 100.40. Acceleration above 100.40 will turn the bias to bullish and that bearish scenario will be very possible to fail.
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