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Mcdonalds

McDonalds Sell PossibilityHello traders! Mcdonalds is showing me a couple of different reversal signals after breaking yet failing to break and hold above a key resistance level. Signal #1: Descending Triangle. I'm watching for a continuation of lower highs and if it breaks below the triangle we will have a new lower low. Signal #2: It's approaching the 50EMA. I will be mindful to watch for a break at the market open on Monday. This will give me more confidence in the odds of a sell. Signal #3: Losing momentum on the Money Flow indicator signals bullish weakness. Signal #4: Price action is beginning to move below a falling VWAP. Breaking above the VWAP will be used as stop loss if I decide to enter. I am leaning towards a sell back to the support level 210. Patience. I will only enter a sell after the break of the 50EMA for this trade. Let me know what you think below! *This is not financial advice as I am not a financial advisor. All charts posted are for educational purposes.
NYSE:MCDShort
by Dereckthecoldest
2
McDonald's (MCD) : BUY at $205 - Elliot WaveMcDonald's (MCD) seems like be forming its 5th wave, with SP500 looks like going to correct a bit to $3400 ish, I do expect a little dip of MCD to $203 - $207 level at 0.382 retracement level from its 3rd wave. When MCD dropped to $205 ish, it could be a good buying opportunity. However, keep an eye on SP500 and other major market news, US election has not officially "finished" yet since the Trump administration might take some actions later this year. Overall, with the short-term positive market momentum and MCD's good trend with beating the earnings, it could be going up after a small correction to $250 ish.
NYSE:MCDLong
by BoilderRoomColdCaller
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NYSE:MCDShort
by IngenuityTrading