$MCD McDonalds approaching trendline support and 200 MA. Worth watching for market sentiment, long or short play.
As always using support and resistance levels, I also checked some fundamentals as well as hedge funds and institutional investors' expectations and also because McDonald's is well-known trademark I don't expect it to drop below 170-175, look at horizontal the support line I drew. So I entered long position and might enter again even if price drops as I believe in...
MCD continues to break to the downside, dropping easily through the top completion level and heading down to test a lower low.
Test EP $186.5 or lower -> TP $200
As per the Chart Abbreviations; ND=No demand NS= No supply DW= Demand Wave RFSB= Resistance from Supply Bar SFDB support from Demand Bar SLK= Stop Loss killer SLKB= Stop Loss Killer Bottom DB= Demand Bar SB= Supply Bar EVRB= effort vs Result Bottom My Mentors and Inspiration Volume Analysis - Oleg Alexandrov Money and risk Management - Dmitriy Lavrov
$MCD looks ready to simmer down for a while. MCD will probably be great long long term but it could be due for health consolidation/correction.
Looks like a sell off in wave a is finished. Looking at potential H&S pattern formation as divergence is starting to emerge. This was can capture a long of wave b, before shorting again into c. Best to wait for the pattern to make a right shoulder at least for more confirmation. Good Luck!
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,...
MCD has been in an uptrend for the past three years with pretty well-defined resistance and support. I think the current sell-off is a good opportunity for long-term investors.
bearish divergence broke its 50 MA broke down of a 6 months uptrend channel on 2.3x ADV
Wedges are repeatable trading chart patterns. Wedges are a form of Triangle chart pattern and will have a specific directional breakout bias. A descending wedge has a bullish long breakout bias. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for...
After running up due to corporation Buybacks, MCD has failed to hold those new highs as heavier than normal Dark Pool Quiet Rotation™ to lower inventory of shares continues. The stock is now stepping down in a short-term topping formation.
MCD (McDonald’s Corporation) has been trading within a very strong 1M Channel Up (RSI = 70.206, MACD = 17.720, Highs/Lows = 10.6514), which as seen by its technical action is on the Higher High zone. Based on its historic volatility within the Channel Up, we expect MCD to pull back for a Higher Low towards 190 before resuming the uptrend. A potential Death Cross...
www.wsj.com Use the low of ~0.088 ; use the high of ~1.22 & project out from there and these critical levels present themselves acknowledge the strength of these gann levels manage your own risk gl hf xoxo snoop