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McDonald’s (MCD) Setting Up Bullish Flag Just Under New Highs

McDonald’s (MCD) Setting Up Bullish Flag Just Under New Highs

by | Aug 15, 2022 | Chart SetUps

McDonald’s (MCD) shares flagging on top of its rising 8/21 EMA’s recently to start August and Friday formed an inside day candle as the weekly action retested the top of yearly value area at 257 and bounced strong into the end of the week. MCD has a large weekly flag building as well with shares just 4% off all-time highs of 271 and a likely first target on a breakout trigger through 263.