McDonalds’ stock price has been making higher highs and higher lows since August 2018, creating an upward tilting channel. In the short-term, prices moved lower after the pullback on the multi-month high of 200.00 on April 30. The technical indicators are sending bearish signals, suggesting softness in the market in the near term. The RSI has found strong resistance in the overbought level and slipped below 70, indicating that the market could weaken a little bit in the short-term until the [..]
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