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MCD

MCDONALDS: Buy OpportunityThe price reached the support zone between 192.00 and 190.00 levels. In spite of a breakout below SMA200, which gave us a trend reversal signal, the market can continue the previous uptrend. I refer to a similar structure, which the market passed in 2016 and 2018 years. It is possible to think about buying based on the confirmed reversal signal from the support zone or following a breakout above the local downtrend line. Stop orders must be placed below 190.00 support level. The main profit target should be at 221.00 resistance.
NYSE:MCDLong
by DLavrov
5
Mcdonalds to the bottom !Hello, Traders! Monfex is at your service and today we overview MCDONALDS Corporation. Mcdonalds fired their CEO, with which the company's capitalization doubled. The first downward movement was in early September, at the same time as the "The Game Changers" popular film about vegetarianism was released. Perhaps this is connected, but not exactly. This year, the United Nations called on people to eat less meat. Generally, the news background is negative for MCD. Also at this chart we see Elliott Waves (12345-abc) and how MCD in an uptrend movement so long. But recently, it broke the support line of the ascending channel and wedge. The local resistance zone ~ $200 The local support zone ~ $190 Target zone ~ $160 Market Cap $145.941B Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
NYSE:MCDShort
by Monfex