09.10.201212:13 Forex Analysis & Reviews: McDonald's Stocks Review on Point and Figure and Triple Screen Charts

Long-term review

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MCD Stock Review on Weekly Time Frame:
Weekly MACD histogram continued its upward move towards zero line which evidences the bullish mood.
We expect the securities to go up.

MCD Stock Review on Daily Time Frame:
Force index is heading up on daily time frame which made it impossible to beneficially enter the market.
Probably, there will be a downtrend correction after which we can buy the papers.

MCD Stock Analysis on 203 Chart:
On 203 chart MCD stocks got over resistance level of 91.4 enabling the level of 92.6 (the main downtrend line).
It is too early to buy the securities. Probably, we can observe the descending movement towards support level of 90.8. It is better to wait for further movements now.

Summary:
Taking into account everything mentioned above, we can conclude that both of the analyses suggest that it is better not to enter the market now.
It will be wise to wait for correction towards support level of 90.8 or breach of resistance level at 92.6. Only after that we can safely buy MCD stocks.

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