Thursday, March 08, 2012
MCD At Bottom of Projected Parallel Channel
MCD updated revenues this morning and caused a 3%+ red gap. It's sitting right at the lower trend line of the projected parallel channel, around 96.50. I bought a token 25 shares. Note the projected rectangle target is 94.60, which coincides with a horizontal gap support at 94.64.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment