McDonald's Shares Survey according to the Point and Figure Charting for January 27, 2012
Having failed to overcome the resistance level 100. 2 MCD shares continued the descending movement.
Presently the target for traders is the resistance level 98.1 where the bearish support line is drawn.
If the purchasers are able to initiate the ascending movement of the shares and overcome the resistance level 100.2 then the main tendency will change to uprising and the way to the level 101.7 will open.
As long as the main tendency remains downward it is recommended to sell MCD shares.

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Performed by Analytical expert: Sergey Litvinenko
InstaForex Companies Group © 2007-2012

Published: 2012-01-27 09:35:31 UTC+00 3 weeks, 5 days, 19 hours, 54 min. ago

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