McDonalds breaking down... even further.
On September 11, I mentioned that "something changed for McDonalds ($MCD). The stock not only broke down of its uptrend channel, in place since March 2019, but also broke its rising 50 daily moving average. All this happened on heavy volume, 2.3 times the average daily volume, also known as ADV. The RSI hinted on a bearish divergence for more than a month now." (see related post - chart added here for your convenience) Here's the updated chart where you can see how the price