Traderherz-Analytics

Trading Idea - #McDonalds

Long
NYSE:MCD   McDonald's Corporation
BUY:
ENTRY: 235.10 USD
TARGET: 260.00 USD (+10%)
STOP: 221.50 USD

1.) The former downward trend (Oct.2020 - Mar.2021) was ended by a strong upward movement, which broke through the resistance level at 230 USD. Technically speaking, this means an upward movement continuation.

2.) The business of the world's largest fast food group has recovered . The reason for this are the many drive-in restaurants especially in the US, as well as the delivery service and the digital offers.

3.) For 2021, McDonalds is considered a profiteer of the step-by-step reopening in the pandemic.

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