MCD trade ideas
MCD Public sentimentI know shorting this is not wise, however MCD public sentiment has been steadily declining despite its still incredible popularity, MCD has been in a HUGE bull run, however in my opinion we will see the rise of healthier alternatives and more traditional fast food chains, (Subway, Pizza restaurants)
MCD consolidation then longI dont see much more downside for MCD, but I will let it play out this week. We need to fill that GAP eventually.
MCDONALDS: Buy OpportunityThe price reached the support zone between 192.00 and 190.00 levels. In spite of a breakout below SMA200, which gave us a trend reversal signal, the market can continue the previous uptrend. I refer to a similar structure, which the market passed in 2016 and 2018 years.
It is possible to think about buying based on the confirmed reversal signal from the support zone or following a breakout above the local downtrend line.
Stop orders must be placed below 190.00 support level. The main profit target should be at 221.00 resistance.
MCD possible break out set upI'm liking MCD at this level, it's an aggressive move with the EMA resistances on the weekly and the monthly right there, but I really like the monthly 20 EMA support here. We'll see if it works.
MCDonald reversal at Fib 61.8Sell off in MCD last few months. Good entry for long setups, retracing at FIB 61.8. Stop loss around 186.50. I personally look for 1:2 risk/reward.
MCD weekly chart looking Long for next monthThe weekly chart looks great in terms of RSI, MACD, and BORC picked up a Dec 27th 192.5 S / 187.5 L call spread on the 25th
$MCD McDonalds approaching trendline support$MCD McDonalds approaching trendline support and 200 MA.
Worth watching for market sentiment, long or short play.
MCD Long analysisAs always using support and resistance levels, I also checked some fundamentals as well as hedge funds and institutional investors' expectations and also because McDonald's is well-known trademark I don't expect it to drop below 170-175, look at horizontal the support line I drew.
So I entered long position and might enter again even if price drops as I believe in long term (next 6-12 months) to reach price of 235$.
MCD - decent risk reward ~$192Chart is fairly self explanatory. We have a high volume bounce on a multi-year trend-line (est. 2016). Last week we printed an inside week which indicates an indecisive market. I think we hold the bottom-trend, but if you enter without a plan, you could experience some drawback if we revisit the bottom-trend. Be patient.
MCD Broken Step Topping FormationMCD continues to break to the downside, dropping easily through the top completion level and heading down to test a lower low.
