McDonalds posted a low at previous significant support around 51.50 on the daily close. MACD histogram is showing divergence. Prices recently made a lower low, while the MACD posted a higher low.MCD often holds up considerably better than the rest of the market. A good counter cyclical stock during the economic downturns.
Previous support is right at 57.50, I would expect MCD to head that direction in the next 20 days. I'm going to play a vertical call spread on it with April Calls.
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