MCD tanked impressively lately.
I had no clue why.
Then I checked the News, which I very rarely do.
There was one article that made absolutely no sense to me:
"Concerns about weight-loss drugs:
There are some concerns that the growing popularity of weight-loss drugs, such as Ozempic and Wegovy, could take away demand from food companies like McDonald's."
To...
Wow, wow, after a few years, what will happen in McDonald's big company?
McDonald's company has taken enough of its profits from the stock market and Wall Street. The global economic recession will start soon. Do you think that 70% of McDonald's shares will not fall? I will tell you.
Be prepared for the fall of McDonald's shares. I think you should sell your...
If you haven`t sold the forming of the Head and Shoulders bearish Chart Pattern:
Then you should know that McDonald’s owns around 84% of its 847 restaurants in Russia, which accounts for 9% of its total revenues and less than 3% of its operating income globally.
They will continue paying its 62,000 employees in Russia.
Considering the facts above, my buy area...
majore rejection of the support and resistance level with the creation of that green candle means a possible end of the down trend and a start of an up trend
MCD Hrly long
buystop @ 253.81
TP #1 @ 255.61 85% wr
TP #2 @ 258.11 67.50% wr
SL @ swing low 249.38 12.50% hr
WR and HR determined from past trades on this stock
More trades like this on my profile and on Bifrost Trades
MCD Hrly long
buystop @ 253.81
TP #1 @ 255.61 85% wr
TP #2 @ 258.11 67.50% wr
SL @ swing low 249.38 12.50% hr
WR and HR determined from past trades on this stock
More trades like this on my profile and on Bifrost Trades
Entry price: 240-243$
Target price: 254-255$
Chart pattern: symmetrical triangle
RSI: neutral, oscillating near to 50 level
Conclusions: The price already broke up the upper line of the chart pattern, moreover RSI shows further bullish potential. Therefore, the long position is recommended with the entry price above the breakout.
Above information should be...
Exaggerated bearish divergence! Price makes two tops on approx same line, while the technical indicator in this case RSI produces a bearish divergence.
MCD is a safe solid stock, although oddly in XLY rather than XLP.
It has missed the last four earnings, and the pullbacks from those misses are fairly mild recover quickly. Even the double whammy of a miss and loss of CEO in Q319 started to recover within days. Note in Q418, the stock only fell 11.5% against a general market decline of 20%. In this respect it is...
I know shorting this is not wise, however MCD public sentiment has been steadily declining despite its still incredible popularity, MCD has been in a HUGE bull run, however in my opinion we will see the rise of healthier alternatives and more traditional fast food chains, (Subway, Pizza restaurants)
