MCD has been caught up in the market tides but looks to be quite overvalued. Hitting this trendline from the fall, we're seeing this perfect channel that proves a great MCD short. WIth RSI and Stochastics pointing down, and given the current market volatility, I'm eyeing May puts for a short term swing!
Kommentera:
Although it broke above resistance, it came falling today although rest of market was strong. Still bearish on MCD for the next couple weeks.