vlad.adrian
Long

Mc Donald's - Bullish divergence

NYSE:MCD   MCDONALDS CORP
164 2 4
Looking at the weekly chart, it is pretty obvious that this stock is going down. A triple top is as bearish as it gets
snapshot
. However the chart is a bit over extended to the downside and there are small divergences.

Looking at the daily, a short term opportunity exists. On the longer term, one should only sell MCD             , but for the moment, a small rally is highly probable, as we have bullish divergences on the MACD lines and Force Index . The Weis Wave shows a big effort which only resulted in a false breakout.

If this stock breaks below 89$, I was wrong and the selling will continue.
pedrogutierrezl
2 years ago
I agree . Check RSI (14) and find a divergence too.
Reply
vlad.adrian PRO pedrogutierrezl
2 years ago
RSI and MACD are almost the same thing. A divergence on MACD and RSI is the same thing
Reply
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