Today we will analyze the stock MCDONALD’S (MDO.F) for internet stock trading in the F stock market,
Stock Technical indicators to notice in MCDONALD’S (MDO.F)
1- Last bearish trend was from 75.19 $ (4/11/2012) to 71.84 $ (4/25/2012) a 3.35 $ move 2- The current bullish trend started from 71.84 $ at 4/25/2012 and is currently trading at 73.40 $.
3- MDO.F current support level is at 73.12 which is the 38.20 % fibonacci retracement of the last 3.35 $ move.
4- MDO.F current resistance level is at 73.51 which is the 50.00 % fibonacci retracement of the last 3.35 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
MCDONALD’S (MDO.F) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 75.190 and 76.410, and is currently resisting at 74.288.
MCDONALD’S (MDO.F) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 55.170 and 51.710, and is currently supporting at 70.642.
MCDONALD’S (MDO.F) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 51.710 and 36.900, and is currently supporting at 62.866.

Stock Trading Conclusion:
MCDONALD’S (MDO.F) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 73.51, 73.91, 74.29, 75.19, 76.10, 77.26.
Stock Support levels : 73.12, 73.03, 72.80, 72.63, 72.62, 72.44, 71.84, 70.64,.