MCDWeekly flag breakout .. there is few resistance on the way but i think that we will have a new high soon
Mcdonalds
Symmetrical Triangle with higher lows.Mcdonalds seems to be forming a nice symmetrical triangle continuation pattern. As symmetrical triangles can also indicate reversals, it is important to maintain a watchful eye for a breakout. Buy or short upon breakout in either direction. Until a breakout occurs I am on the sideline.
McDonalds dilemmaThe 99% of the global population love McDonald's burgers, but that's not my concern. Basically, this company has been working aggressively on several initiatives to shed its image of an unhealthy, junk food but in fact, it is... and if they want to improve margins and consequently, earnings... is very hard to get it in the short term. Over here you will find a massive divergence because Wall Street and I have different targets. Wall Street points to $183 a share and I am pointing to $146 - $139.
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MCDONALD'SBe 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.
MCD Swing TradeAfter 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.
Buying MCDOn the M15 chart of McDonald`s shares a bullish fractal level was formed within the beginning of the 5th Elliott wave of bullish period.
MCDONALDS TIME TO SHORT WEIGHTMCDONALDS 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 price higher again and now there is a little ascending wedge who is forming after the last ATH. This means that MCD will sink a little bit more.
MACD formed a similar pattern than in 1999. This opened 19 years ago to 4 years of bear. Moreover MACD found actual support on a unbreakable level. MACD never went under this level and if MACD break this level could be the begin of the end.
If it would happen MCDonalds will go to retest EMA 300.
If it break EMA 300 it will open to a loooong correction. Why
In this picture the reason
BIO
$MCD broke $158.49 resistance, expect to turn support$MCD broke $158.49 resistance.
Analysts expecting double digit % drop in same store sales on earnings report looks priced in. Was oversold RSI.
6 touches on the downtrend resistance line.
Expecting previous resistance to turn to support on way to $162.50
Would you like fries with that Dip?Fat America is still alive and well.
Last I checked the Fed isn't hiking the Burger rates.
MCD continues to perform and even if we see some flatness and downside in the next couple weeks this is still a good buy.
Bearish on the average Joe's ability to choose proper sustenance
Bullish on burgers and fries.
Also check out KO for a nice cheap beverage to quench your thirst for green candlesticks.
MCDONALDS. It Is Time To Take A Break.Shares of McDonald's Corporation are trading at a P/E ratio over 30. No matter how solid earnings reports the company may have published, it is time to correct the excesses.
Good luck fellow traders
MCD Mc Donalds possible short scenarioSlightly bearish on this share after data release of 1.76 vs 1.73 previous. This time my decision was purely based on my new forex system, but testing it on stock market, Lets see what it does!
Have a good Trading week,
Cream Live Trading, Cheers!
October 24 Earnings: McDonalds - The Rise Of The WageMcDonald's comparable sales will be aided by continued investments and menu innovation.
Alongside above mentioned factors, its international presence with a softer USD will aid overall margins.
However, with rising wage growth and soft quarterly restaurant spending globally, I expect profits to be under pressure.
Guidance should underwhelm with the aforementioned factors.
I am starting McDonald's with a $150 PT for the post-earnings move.
A tight stop well over ATH at $170 is advised.
MCD. McDonalds: Daily chart setting bearish divergencesMCD has been raising alongside the market but, while the whole market (as well as XLY fund) added around 30% since 2016 lows, MCD was only able to push up a half of it.
On one side, the stock potentially is underperforming but technicals say it has a very strong resistance to break. Daily chart shows bearish divergence, same as Weekly timeframe, and we are very close to the Median Line of the Fork.
I believe shorts are welcome once the price goes to a double-top formation in 132-134 area. SL can be set at 136.5 with TP1 at 121 and TP2 at 111
