MCD weekly chart looking Long for next monthThe weekly chart looks great in terms of RSI, MACD, and BORC picked up a Dec 27th 192.5 S / 187.5 L call spread on the 25th
Trade ideas
$MCD McDonalds approaching trendline support$MCD McDonalds approaching trendline support and 200 MA.
Worth watching for market sentiment, long or short play.
MCD Long analysisAs 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 long term (next 6-12 months) to reach price of 235$.
MCD - decent risk reward ~$192Chart is fairly self explanatory. We have a high volume bounce on a multi-year trend-line (est. 2016). Last week we printed an inside week which indicates an indecisive market. I think we hold the bottom-trend, but if you enter without a plan, you could experience some drawback if we revisit the bottom-trend. Be patient.
MCD Broken Step Topping FormationMCD continues to break to the downside, dropping easily through the top completion level and heading down to test a lower low.
McDonald's Stock ForecastNYSE:MCD
The MCD stock price can go up from 193.435 USD to 214.631 USD in one year.
The long-term earning potential is +10.96% in one year.
In five years (2024)
The MCD ("MCD" ) future stock price will be 335.774 USD.
MCD 200dmaMACD crossed upward and price has followed nicely since the sell off. Looking for price to make its way back up to the 200dma
Mcdonald's Corp bullish continuationAs 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
Great dip buy opportunity on MCDGreat dip buy opportunity on MCD for potential 15%+ return. Should be easy return as MCD is finding consolidation.
$MCD Remained Bearish targeting 182 Steady falling from 222Its already dropped so hard from the peak at 222 and now heading south with strong volume suggest to extend decline for further down targets at 184-182 and maybe deeper .. all indicators showing clear weakness any bounce will be opportunity to exist for long positions
mcd corrective wave due?$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.
McDonald's trade planLooks 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!
MCD LONGMCD has been beat up from earnings and news. Value buyers are going to come in soon, I'm thinking tomorrow.
Taken short positionCant say if MCD is fundamentally undervalued, but technically bearish trend. Though might trade sideways then rally. Trade at ur own risk.
