Better Nugs Needed

Here we have the monthly chart for McDonalds, a major winner since they turns the ship around in 2003.

Recently, however, the business model has slumped again.

Should we see a monthly close below $89 I would consider this chart a major breakdown candidate, with the highlighted light blue lines denoting a busted wedge pattern.

With increased competition and changing consumer tastes, the Golden Arches had better make the right adjustments again.

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