MCD is down ~10% from it's highs, forming a cup & handle going back to 06/27. Today's news regarding food borne illness in the salads around the midwest has pushed the SP down to $159.12 in to day's after hours market. I believe the price will start to recover next week headed into earnings due to higher margins resulting from the ongoing automation of their...
My fractal analysis has yielded a very interesting possibility if 157 is not broken on the downside in the next few days. I think we go to 172 by mid July, and then make a top at 178 August mid.
Fractal:
Long setup on MCD. This pattern worked very well for more than 3 times in the past two weeks as I was buying off the $159 level and selling at $162 plus. Now the price action is testing the $155 level. Goal is to buy under $155.50 with a stop loss at $154.90. Price target $158.50 or $161.50 if it breaks out of the selling trend.
After Retesting the 6/7 bullish gap up, large volume came in on Friday. Im Looking to play this with a breakout of the hammer candle and a conservative stop being below the initial gap. If i make money on this trade i will go buy a Mcflurry... maybe.
Once again above the SMA 200 and indicators looking good. After the pullback in February it's now back on track.
Paying dividends and going full steam ahead, nice peaks in volume on strong days.
RSI has a nice climbing support line, leading me to believe the stock will go to the roof of its trend channel and maybe even break above it. Should RSI go above 80, we...
MCDONALDS Corporation is way more complexe than a simply bad burger, but 50 years of growth with just a decent correction 18 years ago are the parcour of an indestructible panzer. But time change and also the panzer become old.
This correction looks different than the small one of 2012 and 2017.
The sink was rapid and there was to much precipitation to put the...
Head and Shoulders identified. This pattern is still in the process of forming. Possible bearish price movement towards the support 163.5200 within the next 2 days.
Supported by RSI DOWNTRENDING
AND BEARISH EMA CROSSING ON ALL TIMEFRAMES
$MCD Overbought at resistance after announcement yesterday of corporate labor cuts.
Assuming 171.10 resistance holds by close today, expecting a retracement back to atleast 167.00-168.00 level by the end of next week.
Ideally would like to see a close today at or below 171.10.
