McDonald's Shares Survey according to the Point and Figure Charting for January 24, 2012

Having overcome the resistance level 100. 8, the MCD shares gave the signal for BUY-deals and resumed the descending movement. At the moment MCD shares are close to the main line of the ascending trend 99. 9. In case this line is passed through the tendency will go downwards. This will open the way to the level 98. 5.


Today the upward movement of the MCD shares is likely to resume up to the bullish resistance line 102. 6. The long-term chart of the relative strength is located in the X column indicating the strong purchasers’ pressure.