MCD is approaching support where we are expecting to see a bounce. Stochastic is approaching support as well.
the price stops in the support of the 61,8 golden pocket rsi with bullish divergence close to oversold but up to 30000 histogram bullish divergence macd crossing upwards mi target is 184.20-80 in the 61,8 aswell . te entrance and target pointed with a pink arrow cuña ascendente con ruptura en la parte superior. señal de compra
Tested upper MS level and failed to break, could continue with it's current downtred.
MCD is approaching support at 176.71 (61.8% Fibonacci extension, 61.8% Fiboancci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 185.15. Stochastic (89, 5, 3) is also approaching support where a corresponding bounce could occur.
MCD approaching support at 178.88 (100% Fibonacci extension, 50% Fiboancci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 185.08. Stochastic (55, 5, 3) is also approaching support where a corresponding bounce could occur.
Heading there to get lunch this second, just looking at charts and this looks like it is at or very near a top. Monthly chart with an idea of what could happen. Monthly Divergence, even a pull back to the top at $150ish is a good gain when leverged.
Market is down on this half day and doing some bargain shopping of quality stocks. Aiming to take it back up to retest the high for Q1 2019 with March single Calls. NYSE:MCD
Tren may move down from 61.6% fibo. If price cant hit previous days high, it may faal till 170$.
Symbol: AUDCAD Prediction : Short Daily : The trend change, with an Head and Shoulders at the top, now we test the resistance. 4H: The price pullback to 61.8%, the price reject this level, and give a bearish pattern. 1H: I think it's the time for the price to go down now, the price is on this channel, when it will break it will have space to fall .
MCD stock is very popular with the retail trading groups. The footprint of the retail trader systems trading the stock is very obvious on this chart. The candlestick patterns are all indecisive, there are no strong easy runs in either direction, and lots of wicks and tails, which is where retail brokers are reaping huge profits. Overall, it is a very messy looking...
Symbol: $MCD Prediction : Short Daily : The price break the last lower low, with a bearish run, it breaks the trendline, now it's time for a pullback. 4H: The price breaks the EMA 50, it start to consolidate on a support. 1H: I wait a pullback to come near the 61.8% zone and the last support which is now a resistance.
Lots of stocks bottoming out, need to look for stocks with room to drop. MCD looks like it's formed a diamond top, expect it to give up some gains.
This stretched run-up see very light volume following up. A retrace could bring us back to 176ish or even 166ish level. A breakdown of the 184ish level is to be observed.
From closer look, 1 day chart, head and shoulders pattern is forming. On weekly chart we can see possible elliot waves, long term (more than a year target 230), short term target 180. observe the news, but I doubt that company as old as mcdonald can shut down, it is much older than facebook though :D. Good luck Learning don't invest.