So, what to do now if you own this stock? I've been saying for several posts I believe McDonald's stock will approach the 88 range. One trader on twitter called me 'crazy'. That was when the stock was at 95. Am I crazy to say 88 is possible now? Watch 91. If that doesn't hold, we will see 88.
As I predicted, McDonald's continues to sell-off. The roll over of the 50 day moving average going below 200 day moving average sparked huge selling in the stock and will continue in my opinion.
So, what to do now if you own this stock? I've been saying for several posts I believe McDonald's stock will approach the 88 range. One trader on twitter called me 'crazy'. That was when the stock was at 95. Am I crazy to say 88 is possible now? Watch 91. If that doesn't hold, we will see 88.
3 Comments
Stephen
9/9/2014 02:09:12 am
some traders get emotional about a stock and refuse to see evidence. The chart above, I've reposted at every stage on the way down, but when the big break happened, I called for lower prices. That was at 99, but, what do I know, it's only my biggest position and I watch almost every tick of the stock every day.
Reply
Maggie
9/9/2014 02:48:22 am
LOL you're the idiot troll on your own blog. That's the funniest thing I'm going to read all day. ;) Leave a Reply. |
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