McDonald’s Corp (MCD) reported below expectation same store sales. McDonald’s opened lower. Now McDonald’s is undergoing a massive short squeeze. We will start scaling in shorts on the exhaustion of current upspike. Please use your technical indicators to determine the exhaustion.
Suggested entry zone is $81.20 to $82.50.
Stop zone $82.61 to $83.26. Obviously the higher the entry the better.
Target zone is $78. to $79.26.
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