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McDonald’s (MCD) value zone breakout as defensives show strength

McDonald’s (MCD) value zone breakout as defensives show strength

by | Sep 9, 2021 | Chart SetUps

McDonald’s (MCD) a nice bull trigger this morning out of its September OpEx value range and above recent highs after trading in a narrow range, also a name seeing bullish options flow the last two weeks and an overall trend of moving more defensive for markets. We can see the strong Accumulation while shares moved sideways, a good sign, and not a lot of resistance to retest and breach the highs from July.