NCEJ_LL

MCD - scalp puts to 181.63

NYSE:MCD   McDonald's Corporation
Broke out of rising wedge on daily chart
Bearish divergence btwn price (higher highs) and MACD (lower highs), with RSI making slight lower highs on the 4H
Broke out of rising wedge with volume on the 1H with MACD crossing down
Bearish divergence again; price (HHs) MACD & RSI with (LHs)
Zooming into the 15M chart, the 8MA has crossed down the 21MA and 50MA, a bearish sign

If $MCD breaks and holds below 184.33 with volume, it could see 181.63.


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