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nicktussing77
Feb 4, 2024 5:02 PM

MCD, WILL EARNINGS INCLUDE A HAPPY MEAL? 

McDonald's CorporationNYSE

Description

On quick glance, maybe a little bit of a happy meal, but they definitely gonna forget the toy.
Why does this chart look like a child drew it?
Well, it was drawn on my one of the streams I did back in oct and since the lines are still holding and trends are still holding, I figured I'd share it again.
my last post was deleted because I used a bad word. which is fair.

Price is sitting right under major rejection, if it breaks over, the rocket can continue, but if it can't, lookout.
I think it's getting close to the top and earnings takes it maybe up a little past 300, but more than likely, we start to see the downside take over for a bit.
Again, fully depends on the trend and what happens with earnings because things can change fast with these numbers but as of now. I'd say bears get favoring.
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