McDonald's stocks collided simultaneously with the resistance level of 240 and the boundary of the downtrend.
The "harami" reversal pattern signals a likely trend change. However, it is better to wait for the pattern’s confirmation as the clear benefits from its signals in predicting markets have not been revealed.
If the trend change is confirmed, McDonald's may drop to $230 and lower, otherwise the growth will continue to $245 and $250.
This content is for informational purposes only and is not intended to be investing advice.