How to Trade McDonald’s (MCD) Breakout Fakeout

MCD's chart has some recognizable reference points we can work with

   

McDonald’s (MCD) has, surprisingly, been a bit of a dud lately. The rally was very steep, and we’ve seen it being taken down a few pegs lately.

Serge Berger walks through  recent activity in MCD and how you can take advantage of reliable reference points in the stock with a long position.

Serge Berger is the head trader and investment strategist for The Steady Trader. Sign up for his free Weekly Market Outlook Video here.


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