McDonald's stock presents a small level double top shape!
This figure shows the weekly candle chart of McDonald's stock from the end of 2019 to the present. The graph overlays the low point of 2020 against the golden section. As shown in the figure, the high points of the past two months have been suppressed by the 2.618 position of the golden section in the...
After a long period of bullish appetite, the bears should dig in now. McDonald’s has thoroughly tapped the magenta-colored zone between $291.18 and $287.84 and also touched at the green zone between $294.18 and $290.10, completing wave in magenta as well as wave B in turquoise. Now, the share should drop out of the zone-compound in magenta and green and fall...
In my opinion, this is one of the best sales deals on the current market.
In the monthly chart, this stock has a 5-wave trend, which is currently the end of wave 3 and we are at the starting point of wave 4. This wave will be in the form of A B C and it will be a big and rapid wave. The reason for its rapidity is the end of a 5-wave in the weekly time frame...
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...
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
Elon Musk said he would eat a Happy Meal on TV if McDonald's started accepting Dogecoin as a form of payment.
Even BurgerKing, who had joint marketing campaigns with Dogecoin before, commented on the tweet.
MCD McDonald's global sales increased 12.3% in Q4, +7.5% in U.S. sales
but:
Revenue: $6.01 billion vs $6.02 billion expected
EPS: $2.23 vs $2.33...
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Testing an 8 year old trend line, upward movement is supported by the climbing trend on the MA indicator that can be observed. Will it hold? I think its likely.
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)
Be careful about MCD. On the chart, there is a short signal after a bearish divergence. It's likely a fall of the price at least until area $ 154.50/156.00.
