Robert Freedland

What I Like About McDonald's

The 'point & figure' chart shows possibly a bit of a different picture. there appears to be a narrowing in the price fluctuation with lower highs and higher lows....almost a 'wedge formation' if that is the correct analysis....to me it appears to be 'consolidating' in price and likely to make a move higher or lower more convincingly in the near future.

Again, that is my 'amateur' assessment.

Thanks for commenting and taking the time to write here.


On Sep 24 01:27 PM borisb wrote:

> MCD last peak was on June 3, 2009.. since then it has downtrended
> for 71 days to last weeks monday low point of $53.88. Yesterday gs
> raised estimates and reiterated $65 goal. The shares need a catalyst
> to reverse the downtrend.