MCD Mcdonalds is now at its all time highAs the market leader in the fast food industry, McDonalds enjoys global brand recognition.
It is a slow but steady gainer pays consistent dividends and always has buyers when a seller
lets some shares go at a reasonable price.
On the weekly chart over five years MCD is now at the all time high and weathered the
COVID era and recent market gyrations quite well. The EMA Cloud and Ichimmoku cloud
indicators have consistent slopes tracking in parallel. MCD is consistently above
the anchored long term VWAP showing buyers are in contro. It often uses the VWAP plus
one standard deviation for support. Fundamentally, if a recession hit when eating
customers will be looking for value as a high consideration.
My long term call options average 45% in monthly return. I will buy one more each
time there is a red engulfing candle on the daily or 4H chart.
see also money.cnn.com
