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BoilderRoomColdCaller

McDonald's (MCD) : BUY at $205 - Elliot Wave

Long
McDonald's Corporation (NYSE:MCD)  
BoilderRoomColdCaller  
NYSE:MCD   McDonald's Corporation
Trend Analysis Chart Patterns Wave Analysis mcdonalds MCD
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trendanalysis chartpattern waveanalysis mcdonalds mcd
McDonald's (MCD) seems like be forming its 5th wave, with SP500 looks like going to correct a bit to $3400 ish, I do expect a little dip of MCD to $203 - $207 level at 0.382 retracement level from its 3rd wave. When MCD dropped to $205 ish, it could be a good buying opportunity. However, keep an eye on SP500 and other major market news, US election has not officially "finished" yet since the Trump administration might take some actions later this year. Overall, with the short-term positive market momentum and MCD's good trend with beating the earnings, it could be going up after a small correction to $250 ish.
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