MCD to close all 850 locations inside Russia

١٤ مارس ٢٠٢٢

If you haven`t sold the forming of the Head and Shoulders bearish Chart Pattern:

Then you should know that McDonald’s owns around 84% of its 847 restaurants in Russia, which accounts for 9% of its total revenues and less than 3% of its operating income globally.
They will continue paying its 62,000 employees in Russia.

Considering the facts above, my buy area is around $212.

Looking forward to read your opinion about it.