$MCD Reversal trade in Mc DonaldsIt looks like its time to take a bite out of the Big MAC once again, technically the stock bounced off strong Fibonacci support with high volume.
Post earnings the stock suffered some sizable losses which may signal the final weak hands have been shaken out.
For a more cautious entry look for a change in trend on the RSI which has bounced.
$200 will probably act as a psychological barrier.