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McDonald’s Corp. (MCD) in 2016: bullish breakout or ranging correction?

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FXstreet
, 01-04-2016 at 04:37 PM (1050 Views)
      
   
Many investors see dividend aristocrat McDonald’s Corp. (MCD) as a slam-dunk for big gains and another hike in 2016. Too bad they are, like many dividend growth disciples, betting on what they see in the rearview mirror.

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Daily price for MCD stocks are in bullish breakout located above Ichimoku cloud, and weekly stocks are on weekly bullish breakout to be started in September this year. Chinkou Span line is located above the price indicating the breakout to be continuing in 2016 for example.

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