vlad.adrian
Long

Mc Donald's - Bullish divergence

NYSE:MCD   MCDONALD'S CORP
165 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.
I agree . Check RSI (14) and find a divergence too.
Reply
vlad.adrian PRO pedrogutierrezl
RSI and MACD are almost the same thing. A divergence on MACD and RSI is the same thing
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out