Stoic-Trader

MCD - Going against the trend

Long
NYSE:MCD   McDonald's Corporation

McDonald's has been showing more bullish price action than the S&P500 Index (shown in orange) since May.

My primary scenario is an ending diagonal, which would take us to now all time highs soon. Any small pump in the stock market should do the trick.

I'll watch price action after a test of the gray ascending trendline support.

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