LEGAL DISCLAIMER Please note everything discussed at this site is a personal opinion of the author and may contain errors or omissions. NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT. It would be your sole responsibility for actions you undertake as a consequence of any analysis, opinion or advertisement on this site.
Total Pageviews
Friday, July 25, 2014
McDonald is severely oversold
McDonald (MCD) is one of the best value stocks in the world. You can simply rely on it to generate tons of money for you as long as you trust it and keep your faith with it. Right now you have a great opportunity to buy it for long-term investment. You may have heard a lot of bad news for MCD recently, which has pushed down its prices dearly. But all of it is just short-life noise and will soon be forgot. Technically speaking, MCD is way oversold: a large divergence from its 50 day MA (moving average); dropping below its lower Bollinger Band; and RSI at 20. At the current price around $95, it is sitting right on its strong support line. I bet MCD is unlikely declining too much further from here but there is a good chance that it may have some strong rebounding. Regardless if you want to invest for long term or trade for speculation, it is a good spot to be in for MCD!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment