Since publishing the previous quarterly report, on April 28, McDonald's stocks have been trading in the range of 233 - 253.
Despite the strong results of the past quarter and optimistic forecasts for the next, it appears that this movement will remain intact till the new report release by July 28.
Harami and a Doji star reversal patterns at the upper range limit confirm the above-mentioned forecasts, hinting at a possible decline in McDonald's.
If trades close below 251 today, the stocks will be more likely to decline.
This content is for informational purposes only and is not intended to be investing advice.
