McDonald’s Getting Out of Line

I will be back in a moment with an intriguing long idea. But I wanted to quickly update you from my last post on McDonald’s.

MCD saw incredibly heavy selling volume late-last week, as the stock continues to come under distribution. I am still looking at this as a short idea and part of a potentially major topping process. I would be looking at failed bounces under the $103 level as the best places to short.

Please see my full, long-term analysis of the stock in this post from a few weeks back.

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