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.
Breaking below bearish flag but also has a potential bull flag forming ... which ever way it breaks is new trend ....
$MCD Setting up super nicely for an explosive move .. could use 50dma as a spring board out of this tight pattern
Enter MCD at current level. Near term target 167-168. If it breaks it , it can go up to 170.
Cycles, fib, rsi and divergence all point to 3% as long as RSI does not plow through my channel today. If closes above lower channel to the moon.
We should be seeing a pop towards the white rectangle sooner rather than later. I will be exiting my longs there and wait out a potential consolidation phase.
Looking to short McDonalds at the cyper pattern completion
After a pretty good earnings report McDonalds has been correcting a little. The big question is if it will stay above its 200MA on the daily. We also have a couple of very important points on the pivot points as we are coming to the pivot level along with one of the last Support level. We are showing some pretty high numbers on the Stochtastics so looking a...
It looks and feels like MCD will be hovering/consolidating around the $160 mark until more news comes in to spurt growth back into the $170 range. No major recovery from February has really taken place, even with the last quarter beats. Death Cross? As a company embracing more technology, initiatives have already been taken in the first half to help grow the...
McD's is bouncing between 155 to 167. It might trade lower to 159 or 155 and then return to 167.
we took a trade on our trading room on mcd at 166,79 we are looking to get the 169 target in the next 2-3 days. #stocktrading #futuresalerts
this is going to kill it this quarter. CHINA strength to top it off. SBUX loss is MCD gains
This strong candle rejecting support can reflect the tomorrow earnings release.
Entry: 156 SL: 160.55 TP: 147.15 As seen from the candlesticks, the price had recently breached the 200MA line and so far buyers are unable to push the price back up. Hence, MCD is facing a possible change of trend based on the daily chart. Although the weekly chart still indicates an uptrend, however, a pullback is expected on the weekly chart especially with...