McDonald’s is reacting from the 265–269 support zone, which has become an important daily demand area after the recent decline. Price is trying to stabilize here, so a rebound remains possible if buyers continue defending this base.
If support holds, the stock may recover toward 276 first, followed by the main upside target near 284.9.
A confirmed break below 260.0 would invalidate the bullish setup and suggest that the broader weakness is continuing.
Our view: cautiously bullish while price remains above 260, with upside potential toward 284.9. However, the larger structure is still corrective, so confirmation is important
If support holds, the stock may recover toward 276 first, followed by the main upside target near 284.9.
A confirmed break below 260.0 would invalidate the bullish setup and suggest that the broader weakness is continuing.
Our view: cautiously bullish while price remains above 260, with upside potential toward 284.9. However, the larger structure is still corrective, so confirmation is important
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.